Ann: MercyCare Smart Home Technology Contract, page-6

Ultimately still another small, WA-based contract but headed in the right direction. If you looked at the company growth in revenue and didn't know the share price you could draw the conclusion that the company is more valuable now than it was when it listed. But yeah, at one stage yesterday with share price rocketing I was only down 30% (LOL !). It's still a young company trying to get traction in an emerging market area where it is still effectively a user pays system and the cost is high compared to monthly internet (which is what I think adult carers have in mind as a comparison when they are deciding whether to purchase). After working in aged care and NDIS, I'm convinced any real profit will come from ICR landing large B2B customers; the B2B or B2B2C is always going to struggle IMHO and experience from modelling these types of user pays services with commercial finance specialists.
I suppose the other issue for me is that we should be able to pick up shares for around 7-8 cents after the next capital raise so why jump in now? I feel for the people who bought in at 17 cents yesterday and are down 30%+ on that tranche in one day.
Anyway, I'll be sitting tight for another 12 months to see what unfolds before re-evaluating.