Yes good to hear about Geoff, no doubt he's an important COG in terms of the sell to the major corporates using the system
And if they meet forecast client acquisition numbers over the next 12 to 24 months they won't need to raise any cash at all
Question around why going to the US now is pretty simple really - to seize the opportunity if you are going to try and create something of significant market cap there is no choice but too given size of Aust market. Validation of Australian success are quality of clients on board - we are not signing the corner milk bar if anyone hadn't noticed
I see an error in the 4c - cash receipts grew 16% over the previous qtr not 14%.
I notice BO report had target of 50 customers at 30 June 16 and have a further 145 new by 2017. This might be a stretch although if 1 sales person generated 40 odd you suspect 4 on board the number is not out of question? Next qtr will be interesting to see numbers particularly as 4c mentions it expects first US clientS (plural) to be signed
People using simple math dividing total receipts by base rental is not appropriate without knowledge of biling cycles and when new customers joined throughout the year. That's why annual billing run rate is the KEY metric to analyse a start up like this
Good luck all
RFN Price at posting:
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