The appointment great. Does it change anything? No.
What's the issue? Class action against GSW.
Why? Because of alleged non disclosure, that they were saying they had signed contracts that were material and that aren't.
Where is the proof to suggest otherwise? This would be revenue generation as evidence.
Is this happening? No.
Let's go back a bit. What dates did Bane and Joel commit to shareholder software when CBA and NA Williams would ramp up?
It was 12-18 months for NA Williams. That time is getting now to the pointy end with not a single announcement showing ramp up of what was meant to be hundreds of millions in revenue a year!!!? Wtf
CBA, they announced would be rolling out on the new pos terminals by mid year. It's now October. No news. CBA said GSW were making shut up it was still only a pilot.
So that was 6 months ago and no news on CBA?
All the new APTS into the world won't fix the fundamentals. They need to prove their contracts are real or the class action becomes a lot more real. And company ending type of a scenario
Capiche?
GSW Price at posting:
59.5¢ Sentiment: Sell Disclosure: Not Held