sorry for the slow response was out for a day, my comments are based on when I look at each of the investor preso and prosepctus and the focussorry for the slow response was out for a day, my comments are based on when I look at each of the investor preso and prosepctus and the focus on the large market and implied opportunity (so you could fairly say they don't actually say they will sell XYZ but they imply a large growing market). The company in the prospectus stated it was raising enough to complete commercialisation of the government and non-government solution (which is why I use Ansarada as a lose proxy) and do the services and sales. They are clearly behind where they wanted to be by the additional raises
With the ASX announcement on the 2nd April 2019 they clearly had plans for strong revenue in 2H 2019, When I look at the half year 31 Dece 2019 the results are abysmal and revenue is less then $245K ? and full year report show $548,747 .. There is good news on the TCV of the sales but not flowing through as of yet. FY21 looks impressive on face value but trying to strip out the bolt ons is a little challenging
I have said previously on AR9 love the sector love the concept just worried they are going to fail because they are selling too slowly, I hope I am wrong. But I will hold off until I see a shake up in their sales or the price drops to my target range.
