Limited trading history of gridComm gridComm is an early stage company with limited trading history and, at such an early stage of its development, there are significant uncertainties associated with forecasting future revenues and expenses of the company.
Since incorporating on 7 September 2012, gridComm’s activities have principally involved funding the development of its software, product testing and marketing. The funds were allocated to Research & Development expenses, wages, legal fees and other associated administration costs.
As with many early stage companies, gridComm has incurred losses since its inception. The cumulative losses up to 31 December 2015 are approximately $1.3 million
There have been no forecast financial projections undertaken as part of this
Prospectus.
ODN Price at posting:
1.0¢ Sentiment: None Disclosure: Not Held