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2.7¢ connexion mobility ltd

Hi @vagabond84, it is a single upgraded platform. In other...

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T.E.P.

3,387 Posts.

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21/02/23

13:36

Post #: 66372062
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Originally posted by vagabond84: ↑

Don't quite understand this announcement. This part: "has agreed to extend the supply of the Connexion Platform" - does this mean GM has purchased subscriptions of this software for all its dealerships, or is it merely making it available for its dealerships to purchase if they choose to?

Say that GM dealerships subscribe to the Connexion Platform. What happens to their existing OnTrac subscription? Surely they aren't going to subscribe to two Courtesy Transportation Program management software? Or does Connexion Platform replace the original OnTrac software for managing their loan vehicles - in which case, isn't there a material loss of subscription income as well, as dealerships no longer pay for a subscription to original OnTrac?

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Hi @vagabond84, it is a single upgraded platform. In other words, there will be an increase in both GM total vehicles and ARPU. I'll confirm with Aaryn tomorrow at the Straw Man investor call and can report back if you'd like.

Last edited by T.E.P.: 21/02/23

CXZ Price at posting: 1.7¢ Sentiment: Buy Disclosure: Held
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