So, it is now five months since any new contract has been won, a few extensions but no new revenue have been announced since the 8th April (it was announced twice). So the pipeline may be robust, but their ability to land contracts must be coming in to question. The SP looks very weak and there is good reason for this. I believe that they may have eneough to be profitable this year already, but I don't think the exponential growth is not yet underway.
The capital raising last year was at 1.5c investors have now lost more than 50% of this.
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