GOO 0.00% 5.7¢ gooroo ventures limited

So the sales party referenced in January announcement turns out...

  1. 21 Posts.
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    So the sales party referenced in January announcement turns out to be a company related to Mr Kotti, GOO CEO / MD. A possibly material detail in retrospect.
    This announcement states that a SaaS platform is now up and running. The 4C and previous announcements refers to their product as a software which will be distributed and sold, rather than a SaaS platform which implies a subscription model.
    This is curious, as there is no indication from the most recent 4C that GOO has any technical staff (or any workforce) on the books who could develop or support a SaaS offering.
    Question is, who has been doing this development work? Clearly, not GOO – then who is in control of the IP and is there a leak of IP capital from GOO?
    From March announcement, new local COO is brought onboard on temporary basis to 30 June 2021
    His directive is 1. Manage relisting of GOO, 2. Drive Australian sales growth.
    It will be interesting to see if there is any progress on these fronts in that time frame – or does GOO now exist just to serve the interests of the US firm associated with Mr Kotti?

 
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