10c is coming, page-191

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13/05/22

12:44

Post #: 61390500
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Long term the company should be ok provided it executes and becomes profitable.For someone looking at the numbers revenue etc there are probably better buys for a market cap of $20 million.The last quarters operating cashflow was -$643k if the next one is lower than say -$400-500k it will be heading in the right direction. Its more a matter of tying in the announcements with the improvement in cashflow/profit/loss.

Originally posted by milesy: ↑

Trying to be objective here....so are we missing anything?

The business model ensures that revenue is collected when packages are signed up for and the expense only recorded on use of the data.

Our promotion has been based mainly around heavily discounted packages to get customer loyalty, and I am sure some of the white label deals were more about building market share than anything else.

I wonder if this price penetration method will have implications for our financials later down the track. It does rely on new revenues coming in to pay for the increased expenses, as current revenues are already being spent, and if new revenue does not meet expectation, then we could find ourselves in difficulty.

Anyone can correct me on this assumption.

Just a niggly concern. The current lack of interest, even at these levels is probably more of a concern.

Milesy

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FRX Price at posting: 2.9¢ Sentiment: None Disclosure: Not Held
4 Upvote

1 Great analysis

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