Read my post again , I said
Unless there is a big revenue contract in the next 6 months............
With all the investment in salaries for Sales & Marketing staff we hope to have significant contracts - Kurt indirectly alluded to this in his presentation. I also support the acquisitions strategy however they need to carefully consider how to finance those acquisitions. The amount raised in this capital raise is peanuts. - all the more reason we need revenue if we are to avoid another capital raise within 12 months.
My concerns
1. is that they have not had a significant contract since 2019/20 which was $4.2M with Defence. What we do need is renewable revenue(licensing) in the $M's. If we are looking at spending near $20M/year we need revenue to move forward gradually increasing(much faster than it has been) to at least meet expenditure.
2. the marketing strategy - it seems we are very much focused on Defence(especially in Australia) and I mentioned about 12 months ago that we need to diversify into the market to reduce risk.
Don't get me wrong - I want it to succeed, I'm a shareholder too. But I am not going to chant jumping around a fire in my jocks yelling affirmations. I call it for what it is or rather what I see. The last 6 month sp performance is terrible.
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Read my post again , I saidUnless there is a big revenue...
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