You have obviously worked out that while you are just asking questions, you are repeatedly getting accused of flaming. That is because lots of people know perfectly well that the Netlinkz story does not stand up to interrogation, and they do not want to see it exposed. There is a lot that is strange about this company.
When looking at the information Netlinkz puts out, you have to try to understand the differences between what you see, what you think you see, what you are supposed to see, and what is really happening. The glossy presentations are created by experts in sleight of hand and weasel words. You cannot trust these informal documents, you have to rely on the accounts and prospectus documents. Those are legally binding. Unfortunately they are written to contain the absolute minimum of information possible. Do not expect to be told what you want to know. You have to work it out.
Regarding the revenue question, up until just recently NET's revenue was in the tens of thousands per year. They hardly sold anything. This went on for years. For example, the 4C issued on 31/1/19 showed receipts from customers of $19,000. The next one, for the 1st quarter of 2019, showed receipt from customers of zero. Nothing! The excuses came thick and fast, about how sales had only just started, and the money was stuck in China, etc. But sales never materialised, and it was getting embarrassing. So late last year they decided to buy a company called SSI. SSI had actual sales, maybe $2m per year (they were not clear on that at the time). With a bit of small print about what was banked when (see the March 2020 4C) they were able to claim a 250% revenue increase. Amazing how good percentages look when you start from such a small base, isn't it?
At the same time they started to develop a relationship with iSoftStone, a huge Chinese services provider. They now have a joint venture company in China which iSoftStone was supposed to invest in and take a 50% share. iSoftStone thought better of it and ended up with a 20% share, but hey, they are still invested. iSoftStone said it would "buy" over a hundred thousand VIN licences! (Announcement was 11/7/19, p1.) So that was a very nice revenue increase as well, assuming you do actually consider it revenue.
Then they got genuine revenue. No really. Only it was not from VIN licence sales, it was from a new water sanitation plant being built in China. A certain huge Chinese services provider got some significant work as part of a World Bank sponsored project, and for some reason Netlinkz got given a large chunk of that work. It was nothing to do with Netlinkz's core business, but they got it anyway. The initial payment was 7 figures, although what work they did for that money was not divulged. Or who did it for that matter. Netlinkz have few, if any, staff. Just contractors, all hired, we think, from iSoftStone. The subsequent repeating long term revenue is also "confidential."
So, not much in the way of core product licence sales, but what does that matter? Starting from a very small base, revenue as a percentage looks pretty good, no? They have been confidently predicting revenue of $15m for 2020 since the start of the year. I suspect they will achieve it, but it is strange how Netlinkz have been very careful not to divulge where all the revenue has come from this year. On a side note, probably unrelated, iSoftStone, who have a significant amount of money invested in a joint venture, wouldn't want to see Netlinkz go under.
As for the ex-ambassador to China, who knows what his motivation is? Perhaps his 10,000,000 options had something to do with it? They have not said what they are paying him or how much work they expect him to do. Netlinkz pay fabulous salaries to their executives. Grant Thomson just got started on $350,000pa. JT just got a $1.16m bonus for overseeing a loss of $22m, which I am sure you will agree represents excellent value for at least one of the parties. But who know why anyone would want to join the executive's club?
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