Year-on-year reduction in receipts from customers by design. So we don't work so hard and in turn lower employee payments are required, reducing operating costs and extending the runway. It's exactly what we wanted to achieve.
Personally, I kind of prefer when they keep their mouth shut because when they open their mouth, it's never a new contract. It only seems to be bad news spun out in a way to try to convince shareholders that a lot is being achieved. Something is wrong when Payble is worth over $10m and we have diluted our share of Payble to 10% to extend the runway of eroding the company value to half the worth of Payble.
If there was some sort of settlement with JP MORGAN and the patent infringement claim which would see us escape with a share price of 4.5c I would be gone in a flash. If it can be proven that JP MORGAN has used our IP then potentially a lot more can be realised. I have lost faith in this group to deliver and my hopes are solely on the infringement claim.
ID8 Price at posting:
1.3¢ Sentiment: Hold Disclosure: Held
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