Probably fair to say that NET has always had potential and a...

Probably fair to say that NET has always had potential and a myriad of possibilities to pursue. After all they did win an award 10 years ago.

When COVID struck it was as though the planets were going to fast track its success. Fast, simple, secure, cheap, remote access suddenly the cornerstone of survival. The script could not have been written better - it seemed. 2 years down the track and the quarterly losses just keep getting trotted out with all eyes on the next quarter. And the next quarter. And the next quarter............

Don't forget, the latest saviour is NaaS, until it isn't.

Less than 2 weeks until the next Investor Presentation is revealed to get everyone excited about 'the possibilities' that may materialise, one day, somewhere down the track.

Here are some snippets from the June 2021 EGM Presentation
- NaaS is the key to generating long term recurring revenue and higher margin growth (until it isn't)
- POISED FOR GROWTH (doesn't say when)
- Ready to scale - strategic initiatives undertaken - simplified capital structure -turbocharged regional diversification - simplified product, pricing and go-to-market strategy (yawn)
- The business will continue to show stronger calendar year second halves until global diversification is realised (really?)
- Operational cash flow positive - driven by a very string China and growing APAC - Network appliance (hardware) sales are expected to INCREASE as a proportion of total revenue as deployments accelerate (mmmm that's interesting - what about recurring revenue?)
- China targeted to become cash flow positive by 4th quarter FY2022 (good luck with that. It would be the first of about a thousand predictions that came true. If China is going to take another year or 2 then 5 years or so for anywhere else. Total losses will be well over $150,000,000 by then)
- WE ARE BUILDING THE FUTURE INFRASTRUCTURE FOR DATA TRANSMISSION (all they have to do now is find people willing to pay to use it).

22 November we will know what fabulous new 'thoughts' they are having about the future.

After that we will be waiting until the end of January 2022 for the next 4C to see whether they declare an amount of Customer receipts greater than $7,820,000. If they don't, and I suspect they won't, it means all the talk about world domination has lead to a reduction in Calendar Year Customer Receipts. A reduction. Not more. Less. Despite all the talk and all the possibilities. Less than the previous calendar year. Fair chance rumours of yet another capital raise will begin about then.

It will be interesting to see how the market reacts to that. GLTAH - we're going to need it. IMO.