You've just issued a 50% revenue warning on the Freeway side of the business be it White labelling, SDK, International Traveller, Overpass etc.
This would appear to be at least your 3rd failed business model since the relisting (earning bounty's failed, earnings from CPI & CPA's failed see pages 16-18 of
https://www.asx.com.au/asxpdf/20161129/pdf/43d99ctqwyjq25.pdf)
You made comments about Syntonic being a A$1Billion market cap company & a A$10 Billion one as well. How is that at all possible when your constantly reviewing downwards your earnings potential ?
The company has talked multiple times about Verizon's "critical dependency" on Syntonic Technologies and yet here it is running its business as it likes without it hardly paying anything to Syntonic any more. You committed vast amounts of Syntonic's resources into meeting Verizon's initial needs and yet failed to achieve any meaningful reward for those efforts in the contracts that you put in place did you. You overplayed the relationship to investors & the future rewards it would bring.
On the surface of it all, you'd have been far better committing those resources to Dataflex where revenues should be much more stable & predictable. With a USA market screaming out for such a product, as you've told us time & time again with all the unsolicited weekly inbound interest you get. Yet here we are starting the 11th months of 2018, the year the product was to be monetised & you've failed to sign a single revenue earning contract in the USA. What would have been vital revenue to help close the gap between the company's outgoings & its revenue has been lost.
How have you failed to score against an open goal with Dataflex in the USA ?
You've changed the metric you want investors to judge the company's progress against numerous times already. You simply don't understand investors or how to communicate with them in a way they fully understand & can identify with. They don't buy the idea that one metric shows everything and every time you miss out a topic or country that's been reported previously they know somethings not as it should be. Honesty & transparency is what's needed, you've alienated a lot of shareholders these past 13 months, its going to take a lot of bridge building to get them back onside. Telling them in a Q&A that you hear them, your listening to them, are going to provide more information going forward & then treat them like fools by doing the exact opposite (website out of date, social media never used, Q&A's delayed, a hidden revenue warning etc etc). Time to standup admit your mistakes & say sorry to all your long suffering shareholders & tell them lessons have truly been learned this time & they won't be repeated.
So that a new leaf can be turned & everyone can look to future.
LOTM
