I can understand this point of view but I do have a number of reasons for positivity namely:
- They've knuckled down and focused on sales
- It's getting good traction, for a company to spend 200k a year they must see some value
- Berkshire Hathaway is possibly a good into some large multisite companies
- The companies global and scalable approach gives it far greater growth prospects than most
ASX tech stocks.
Clearly, it has been a tough time for holders but I'm encouraged by the change in management and hope they continue to focus on sales and growing the core product.
BID Price at posting:
2.6¢ Sentiment: Buy Disclosure: Held