The share price will recover. At least we get it out of the way. There is no question about it that we need cash. Unlike some posters here, who are kidding themselves or been naïve that $1.1m will last forever. The pilot with CBA is ongoing and will take at least one year before they put ink on the papers.
One thing I don't like is the management. Far too many times disappointment after disappointment. Needless to remind ourselves of the following:
- M1 to M4
- NAB failure
- Sentry
- BOOM2 - only just going live after it was announced last Nov 2017.
- Pilots with other organisations??? What happened to them?
- Cash receipts - measly $100 plus k per quarter with average cash outflow of $600 plus K (figures thanks to Longpier).
Ann: $3m Placement Completed - Insto and Sophisticated Investors, page-29
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