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I agree with your comments @Paxti and also understand your...

  1. 389 Posts.
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    I agree with your comments @Paxti and also understand your frustrations, particularly considering your current stake in the company. Have you personally raised these concerns with management?

    I think the main issue with communication has mostly been the inability to deliver on stated timelines. The market gets excited, then disappointed, which results in the share price fluctuating like a yo-yo, with traders capitalising on the volatility.

    With a $35-40 million market cap, I believe we are probably sitting at a fair valuation, considering we currently have no reported revenue. No doubt, if there hadn't been constant dilution through the issue of convertible notes, we would have a higher share price, probably in the 2-3c range, which is worth considering as well. So although I'd love a higher valuation, I can't see the market valuing us much higher based on pure speculation and promise, which people have grown weary of.

    Reported revenue and subscriptions are what is needed for a decent re-rate to finally occur in my opinion. And without any real numbers being reported, I think it would be hard to justify a market cap beyond the $40-50 million level. In saying this, I believe all these are just around the corner and agree with @taincrow's timeline as well. Considering commercialisation stage is about to begin, I would consider 8-10 weeks a reasonable amount of time to demonstrate serious progress being made. So hopefully things will seriously heat up around March.

    I do also hope that communication will improve going forward, as there won't be any margin for error once we are fully established in a commercial capacity.

    GLTAH.
 
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