EDinvestor, that was an amazing explanation. Much appreciated,...

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Rubiconis

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18/09/20

01:58

Post #: 47435000
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Originally posted by EDinvestor: ↑

This company has been in the product development faze for many years, with the odd announcements of 'going to market' or 'trialing' the product announced several times but never happening.

Up until about the a year ago, their main product was the VIN(Virtual Invisible Network), which if i understand it correctly, as devices connect to 'the network' in the cloud, it disappears making it 'hard' to hack from the outside.

They have recently expanded their product suite and products with VSN (which now is basically the VIN , but more as JT explained today in the EGM). He also said a while ago the Chinese don't like the word 'invisible' hence why they now role with VSE (Virtual Secure Network). The VSN brings in recurring revenue per device that uses a VSN - (its been quoted before @ $1-$2 per VIN/VSN).

Along with the VSN product, they build the 'infrastructure' for projects which has been explained in announcements back in Jan-March 2020. and they will look to do so in the future as that brings in 6 figure revenue along with the recurring $$ from the VSN.

Each countries VSN product suite needs to have its own source code which makes going to market in different countries slightly delayed.

Yes, VPNs are banned in China, but netlinkz product isn't, its a substitute. Its been confirmed that its an Australian product - as it seemed the US had concerns over that.

SSI has tried to be debunked as a non-business by several but mainly 1 'downramped' on this forum, but it has been generating revenue for Netlinkz and just re-contracted 'spark telecom' for another 5 years....

We own 80% of our ilinkall business in china that was started with Isoftstone... This is how we mainly generate revenue in China..

I dont know what else to say fellas, this business has had a lot of things in the pipeline for a couple of years and the SP went on a run last July but since then has dropped back down.

A lot of long term Shareholders have been frustrated with the lack of communication, endless trading halts and what seems sometime like empty promises, but they have buckled in and seen through the tough times.

It seems like this business is about to take off in terms of revenue... they seem to be getting the right people involved, hell, we only just got a CFO.. will the SP follow... who really knows...

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EDinvestor, that was an amazing explanation. Much appreciated, mad respect.

NET Price at posting: 6.9¢ Sentiment: None Disclosure: Held
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