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you hit it on the head noggie

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spyda

409 Posts.

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03/02/20

17:18

Post #: 42721753
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Originally posted by noggie: ↑

Same old story, they promise the world and deliver nothing. Paddock to nothing is just another Prime example.
Another is the so called revenue of up to $12million pa l believe they stated a few years ago in converting Myob etc to Zero using their Flash Convert.
Lead up time to any contract appears to be a minimum 6 months+, and no contract.
When the Telstra deal collapsed(when we were supposedly going to be cash flow positive that quarter), we were told that the revenues would be recouped in the following 6 months after resigning all existing customers etc, and business as usual. No announcement updates, limited signings, and revenue gone...
Not to mentioned, we raised millions in capital according to management to keep up with the need to grow the rapidly expanding business etc....
The millions in funds supposedly generated from the Telstra venture never eventuated, and were never seen again. The rapidly expanding business is more like the rapidly declining, cash burning business.
Recent updates point towards most contracts in limbo, or potentialy not moving further forward....
Now seeing the share price at a historic low, one has to hope they have one big mo-fo rabbit to pull out of the hat.
Noggie
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you hit it on the head noggie

CRO Price at posting: 0.5¢ Sentiment: Hold Disclosure: Held
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