Some interesting comments from all .Much appreciated.
The company has been around for sometime with many failed ventures, but now it appears to have found its niche with its subscription model.
Because of the company's chequered history and relatively slow growth as it works from a low income base, I don't believe many prospective investors are going to jump in and start buying company shares up until it at least turns cash flow positive. Also there is the prospect of another capital; raise in the future, which is another disincentive.
The next quarter or two are critical in reaching the cash flow positive mark and attracting buyer interest.
There are virtually no buyers at present and virtually no sellers. It would not take much volume to get the share price up again, but it remains to be seen if or when that will come.
On the positive side the current quarter was adversely impacted by higher product and admin costs then normal and this will correct it self next quarter, However on the negative side interest costs are rising and the company will not receive a R & D grant next quarter.
It will all depend on a continual significant rise in income next quarter, whilst costs remain under control.
Hoping for the best.
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Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
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Price($) | Vol. | No. |
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No. | Vol. | Price($) |
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2 | 884000 | 0.012 |
2 | 922816 | 0.011 |
6 | 950000 | 0.010 |
1 | 200000 | 0.009 |
Price($) | Vol. | No. |
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0.016 | 200000 | 1 |
0.017 | 101771 | 1 |
0.018 | 850000 | 3 |
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