Told you, he's not buying for the market opportunity
This 4C is a grim read.
25% increase in sales busy work along with a single $5K/month deal against a $1.44M/quarter burn.
$888K of forward R&D financed @ 18%.
Validating the US opportunity with Mastercard only 4 years into a 5 year agreement.
That last one should make any investors blood boil.
Didn't someone say something about the train leaving the station?
Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-5
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