It is fantastic to finally see both sides of the debate here. Investors offering some interesting and balanced opinions even those of you on the extremities. The reason most of us are here is because we could see a disruptive business that could be used across multiple industries and SCALE well beyond its market cap at the time.
After several years of questionable acquisitions, countless cap raising, rewards for an under performing and out of touch CEO, most longs here without the 'rose coloured glasses' are fed up.
That being said, we have finally landed some big name clients, have had Cap put some serious skin in the game and in my opinion, the core business has been somewhat proven effective and useful.
I think the next, and by far the most important peice of this ever growing and frustrating puzzle is, can this product and the team developing it effectively SCALE this thing to fit seamlessly in to different businesses and situations.
I think all of us who were brave/idiotic enough to put our money into the hands of a babbling, narcissistic, not so smooth talking CEO took the punt that this thing could eventually become a cross industry solution to B2B transactions. I do not have a financial or software background so I am forced to listen to various opinions and skim through webinars, deciphering buzz words to question if this thing has any credibility at the backend... Some big sised companies seem to think so.
All in all it has been a huge step forward signing deals with Ebev, Cap and CC. This has tempted me to average down but now after Agri being put on ice and listening to the latest webinar performance I can not be certain this thing can SCALE effectively and honestly wonder if every customer we attempt to integrate with will be a square peg in a round hole situation requiring ever eroding financial resources. To separate the wheat from the chaff my only question now is can this thing SCALE cost effectively into different nodes. Answered correctly I see CF+ and beyond if not I see Capital Raising to oblivion and siphoning of mum and dads hard earned.
Time will tell good luck to all of you tortured holders extra points if you have been insane enough to hold since the CRO times.
SPX Price at posting:
1.3¢ Sentiment: Hold Disclosure: Held
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