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Ann: Appendix 4C - September 2016 Quarterly Report-CL8.AX, page-21

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Warnie

17,247 Posts.

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29/10/16

09:21

Post #: 20218709
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Originally posted by tedthebear ↑

Your right that they are not making a profit but I think at this end of the market revenue is the big thing and people want to see more revenue, consistent growth and costs under control, I reckon this will be shown fully in this quarters results.

Regarding funding they have $2 million in a facility to draw on as needed, nearly $4 million in option money if converted (2 cent conversion due April 17) and this quarter we are expecting very impressive uber growth, license and development fees from our DMC platform, $170k in r and d refund and the next two quarters are the biggest with seasonal demand turning on the heat.

I reckon they have this lined up nicely, deals being signed, demand and supply being grown in unison, exciting mobilise launch and no doubt a few tricks up their sleeves.

Option conversion will start once we are over 3 cents I guess and that will be massive for the company.

There is movement at the station! Have a great long weekend everyone. Cheers

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Thanks for response.

Yes didn't know about the funding line, and agree re: revenue as long as it can continue to head north and hopefully costs will come down over time relative to the initial startup phase/expense.

As said in last post, def on my watchlist, I like the company and the sector.

cheers

CL8 Price at posting: 1.8¢ Sentiment: Buy Disclosure: Not Held
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