No buyers at 16 cents - Yikes. So this is what it feels like to be trapped.
Things don't seem so bad when you think about the 500,000 US a month from the IDTF businesses. The problem is, I don't think the customers are recurring, so they need to find a new batch of customers every month. If the customers were recurring, we would see a steady increase in revenue month on month. Instead, it is a stable 500K. Customers peaked in April from memory and then declined in May and June. Hopefully this is seasonal or something. Still, it is not a good trend, and the overall trend of staying steady at 500K a month is also not encouraging.
I no longer put any faith in MOUs or purchase orders or provider agreements or UK contracts or approval timelines. For me, it's just a matter of waiting to see the next 4C, where I'll want to see IDTF customers increasing and not staying steady and certainly not declining as they have over the last two months of H1.
GMV Price at posting:
16.0¢ Sentiment: None Disclosure: Held
