Yeah but no software vendor is going to live that close to the edge my man... yes they have 4 more quarters at 1 million a quarter but they will want to keep a few mill in the bank for a rainy day...
As they bring on more clients their burn rate goes up, more support staff and implementation staff .. a customer success manager... industry leads, etc...
I already have some of yoj as stock...so I am not suggesting a CR as a bad thing... If the company needs to raise enough money for another year of funding while it continues to ramp up there is nothing wrong with that.
It has a high number of shares issued compared to the software industry average, if the share price was 2 dollars and the company was making profit thats wouldnt be an issue.
I really hope we see the rise in sp in 2018 like we have seen with gsw. If yoj could get to 1-2 dollars by aug sept then do a 10 million additional shares (less than 2 percent dilution) and raise another 10-20 million.... that would be good
Big customers may start.to question yoj ability to service lots of customers once they get going so it helps having money in reserves to demonstrate they can scale
YOJ Price at posting:
30.0¢ Sentiment: Buy Disclosure: Held
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