Ann: Capricorn to Launch Spenda's Statement technology to Members, page-303

  1. 703 Posts.
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    @milehighclub I don't disagree and I am hopeful that SPX is finally on track, as per your post let's look at some of the facts over the past few years for context to perhaps understand the skepticism of the "trolls" in relation to this latest news.

    Please note I will try steer away from quoting some of the more out of context off the cuff remarks made by the CEO in webinars and just focus things published in public forums (ie documented)
    The debt warehouse will bring us to CF+ position once fully utilised (2 years on still not close to full utilisation)
    Spenda Wallet will be released for use January/ February 2023 - not released for use until March this year - for a software dev company that is extremely poor.
    CC rollout and projected revenues by some here nowhere near actuals, and failed to deliver by June 20 2023
    Agri Chain - I'll just leave that at that.
    eBev pilot of 100 venues in 3 months - 9 months in and still not completed
    For going 1mill for 4% stake in FSCO - no mention ever of the ROI from this investment is or pathway for ROI to investors.
    CF+ by June 30 2023 - how can the CEO and board get that one so wrong with the information available to them?

    I'm not trolling, and whilst I am hopeful for the future, the reality is (as stated by PharmD, others and my own observations over time) the actual timelines for the delivery are constantly 12 months longer than expected with no explanation as to why to investors, or lessons learnt and what will be done to improve delivery and that may be cause for some that have heard this all before.

    As for the headwinds you alluded to - this is all post Covid well and truly and business was back to business
    Last edited by Notthedart: 18/10/24
 
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