3DP 3.08% 6.7¢ pointerra limited

Ann: Half Yearly Report and Accounts, page-6

  1. 615 Posts.
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    Cap raise imminent, business failing to show scale and invoicing is weak when they are clearly selling current holders on upcoming growth.

    Renegotiating contracts with US customers is a terrible position to be in when cash receipts are already poor and the economy is fragile - more coming interest rate rises and likely a higher terminal fed funds rate.

    In no way is 3DP justified to have a $100m MCAP based on recent performance and I will be surprised if the share price isn't pushed to 10c in the coming weeks / months for a ~70mil MCAP.

    I like Ian, but his opaque reporting style doesn't do any favours when the business isn't kicking goals. Sorry to say it, but 3DP is now a firm sell in my mind.

    Just my opinion, NFA and so on.
 
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