While I acknowledge and great to see the progress reported in the last quarter, SIS is not out of the woods yet.
For comparison, here are the last 4 quarterly.
Receipt
Outgoings
1 Sep-22
$463,000
925,000
2 Dec-22
$628,000
928,000
3 Mar-23
$223,000
985,000
4 Jun-23
$633,000
815,000
5 Total
$1,947,000
3,653,000
Yes, there is some progress but it is probably not enough to support a much higher MC yet in the current market environment it looks like. The SP speaks for itself. In addition, there is a constant fear of a CR especially if they want to grow. Atm, they cut their headcounts to the minimum to be cashflow positive. But what they really need is to significantly increase their sales. Intellihub, Sylvania, Origin, and other Million-dollar pipelines in the UK are still charging very slowly for some reasons. Let's hope that Origin will make more bucks than Sylvania and the others in the near future.
Atm, there are mainly pip traders buying and selling SIS hoping for a quick flip. SIS needs new investors buying on the market and not waiting for the next CR. Unfortunately, SIS successfully conditioned any investors in the past 5 years to rather wait for the next raise.
A better investor relationship, engagement, and communication would be a good start for that. Bullet points quarterlies and updates do little to attract new investors.
Again, as @Davisite said
“People don’t invest in companies they don’t understand, and if we could just get people to understand the big opportunity that’s before us now with Simble, more investors will get behind it.”
It would be finally time to explain and present the opportunity to the larger investor community. Pip traders will not drive the SP significantly higher.
On a side note, has anyone noticed that Carbonview was not even mentioned a single time either in the quarterly or the previous business update?
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