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I think you are exactly right regarding the situation with iGeno

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Mike77

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22/09/21

13:41

Post #: 56265437
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Originally posted by share_time: ↑

Hi @Mike77 - We have discussed this before and I think we are correct in regards to 3P Energy, Prashant said as much in an email to me months ago.

I'm not so sure about iGENO though, I think they may be contributing revenue? but it should increase once the licence is granted. I had a read of their AER licence submission and saw they are actually part of ASX:TPC who also hold a retailers licence for another subsidiary of theirs called CovaU. I wonder if they will migrate their billing and systems over to USS if iGENO goes well? Pretty sure they are not a customer already? Anyway, seems iGENO have aggressive growth targets, if realised our bottom line will look pretty good in the years to come.

Another interesting read is the AER Annual Markets Report, worth keeping an eye on as we can track the progress of any contracts we sign with retailers, next one due in November and will show LPE moving up the ranks quite quickly

Edit - I also still expect iGENO's licence to be granted within the next 2 weeks

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I think you are exactly right regarding the situation with iGeno

AD1 Price at posting: 4.0¢ Sentiment: Buy Disclosure: Held
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