This quarterly came in line with expectation. It was kinda predictable.
Now I'm really keen to know how many of those freeride customers of Nitro Sign were converted to Nitro Suite or Nitro Sign fee paying customers. This value hasn't been unlocked yet. Market hasn't gotten a wind of this yet, otherwise SP won't be this and our average accumulation price will be a lot higher.
Once this number is disclosed, it will unlock a long-term revenue value and its profitability, net of accounting expenses. This will give a significant kick upwards to predictive models and gross margins will also go much higher, so gross margin expansion is definite. This means profitability also goes a lot higher. Now SP will also go higher as a reaction to all this news as my assumption would be that capex for Nitro Sign product development has already been expended into accounting.
This stock is again looking like an asymmetrical bet and at the same time a covidproof stock with A$56 million in the bank which is 10% of its market cap.
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This quarterly came in line with expectation. It was kinda...
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LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
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