The 4C is definitely not a surprise (after Petey's posts) other than coming out earlier than expected maybe best to rip off the band aid as we say...
Now we can just hope that the Company will win additional contracts as we know the percentage of recurring revenue is very small at this point in time;
which is why we can not compare the results with the CY2020 being a one off achievement by the Company so far but the Directors are still being remunerated for it...which will not help the future cash flows unless they win additional contracts.
The results will always show a huge increase to the FY2020 as the "CY2020 one off results" will still be showing until the end of this financial year ending June 2021...
The Product is no longer a unicorn but more so a needle in a haystack however again Management proved a lot of people wrong during CY2020 and they might be able to do it again....This is what happen with speculative stocks!
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Ann: Appendix 4C - quarterly, page-16
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