Good luck indeed:
- Scary list of competitors on page 8 (Nielsen, IRi, Quantium, McKinsey) yet no clear point of differentiation
- Their revenues on page 7 are embarrassing compared to the market sizes on page 8, and the statement that they have already invested $15 million in technology to generate those small revenues
- Revenue growth on page 15 of 100+% forecast every year to 2023, most of it from new customers, no doubt all fuelled by Hopium
- Growth strategy on page 17 of selling what they've already got to new customers, sectors and geographies. Too easy, why didn't they think of that before.
- $6.1 million of the $8 million raise will head right back out the door to pay off debt, creditors and capital raise fees, leaving them with $1.9 million.
- Current shareholders wiped out by 5/6ths.
Maybe someone can see $8 million worth there, but I'm struggling.
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