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2.0¢ complii fintech solutions ltd

Yeah I agree the whole mou thing was the wrong was to go about...

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184 Posts.

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01/08/17

10:48

Post #: 26209560
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Originally posted by jimmityg ↑

Yes, but the portal announcement also stated the fact that the NAB MOU (or whatever it was) was finished with no follow up, except their ability to access IAM's services through the portal.

The market had priced in an expectation that these agreements would be binding or ongoing in some way. Up until Friday, there was still hope that this was so. Now we just have a portal.. The market won't know what revenue the portal is likely to pull in until at least the next quarterly. So expectations have been missed and the chance of strong growth to avoid a CR are now low.

Don't we need a 300% increase in revenue ($200k to $600k) to head off a CR after 2 more quarters? That's beginning to look pretty unlikely at the current rate of growth.

IAM has been a massive disappointment... I thought management were key to their success. I still believe they have a solid team. Unfortunately their product just hasn't caught on like they thought it would.

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Yeah I agree the whole mou thing was the wrong was to go about things, I am guessing the company has realized this as well hence the portal route.

Rate of growth has not factored this portal approach in, Obviously if it doesn't take off we are likely doomed (well a CR at least)

IAM Price at posting: 2.8¢ Sentiment: Hold Disclosure: Held
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Last 2.0¢		Change -0.001(4.76%)		Mkt cap ! $11.35M

Open	High	Low	Value	Volume
2.0¢	2.0¢	2.0¢	$1.471K	73.56K

Buyers (Bids)

No.	Vol.	Price($)
1	471682	2.0¢

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Price($)	Vol.	No.
2.1¢	578868	2

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No.	Vol.	Price($)
1	471682	0.020
1	688535	0.019
1	345696	0.018
3	1252000	0.017
1	1000000	0.016

Price($)	Vol.	No.
0.021	578868	2
0.022	1000000	1
0.044	500000	1
0.060	17225	1
0.090	6007	1

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