Latest 4C results seem to be factored into the SP already (leaky ship before 4C announced), support at 0.5 & 0.4 looks decent so far. Still hoping my order at 0.4 gets hit. Management must be confident of the big up tick in the next qtr cash receipts with only 3M loan facility from Cap available at 500k increments The next few qtrs are make or break for the company, with IP on the line with Capricorn loan. $4M cash receipts projection next qtr without much revenue coming from swiftstatement is interesting. They will want to add that prediction & sort out the onboarding/adoption issues with swiftstatement. $1.5M cash receipts already for April, $4M predicted shows management are confident they will deliver a big uptick in revenue. Question is can they sustain it while cutting costs and transferring clients over to Airplus.
"AirPlus Update. The virtual card program continues to produce high margin revenues for Spenda. The Company anticipates making further announcements around the provision of virtual card services now that it has completed the prerequisite step of selling the invoice finance book."
SPX Price at posting:
0.5¢ Sentiment: None Disclosure: Held
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