Wow - have not looked at this one for months - and ran away from these threads when I was scorned for pointing out it would back fill the gap at $2 (that was when it was at $5)
My goodness - it is a very impressive sounding report - however - I would agree with the others on here that are pointing out the obvious where is the money?
They were talking a revenue run rate of $25 mill by Dec 2015 a year ago - they have been trading with many of those customers for well over 12 months - customers who are not short of cash
Revenue of $75,000?
For all that talking up?
Something wrong with this puppy...and for those that are pointing out they have such large amounts of cash - that is a $50 million pool of investment money - looks like they are getting great return on equity with that money - burning off about $14 million a year for a few $100,000 revenue?
Don't be suckered by these threads or the fact UBS and others are on board - watch the short interest IMO - this is starting to look like a hot story with little substance
Bought this at 60c sold at $1.80 - thought it would come back to this level and might be a great buy here - check the threads of you doubt this
Really hoped this would be a big one -but...oh dear
Good luck
Ann: 1-Page Quarterly Commentary and Appendix 4C - 31 Jan 2016, page-33
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