my 2 bobs worth...
The announcement leaves a lot out... there are positives and some negatives IMO...
positives are simple, we are finally being taken serious, we are now own our way to Revenue, IMO this is a huge milestone achieved.... WE have to start somewhere, this is the beginning of potentially greater things to come... being that we will soon be in Revenue status we can hope that future CR's and funding will no longer be needed...
IMO we now have strong validation. so much more to come
This is genuinely a huge milestone for our company.
Dont forget we have strong cash reserves, no debt, and yes from the 1st July the start of revenue... not to mention expected announcements that should be stronger than today's
There are some negatives however, IMO this is why we arent smashing out the 20's like I was hoping for...
To limit this to iOS for the first initial launch is a let down, not sure why this is the case... we are missing out on 75% of the market... obviously the expected coviu announcement will put this into better perspective.. surely Phenix will sort this out... why limit the App so much?....
$5-10... well thats not clear... how is this distributed?, whats our take?... I dont have a problem with the pricing here in Australia as obviously medicare and private health funds will cover this... those mentioning that this will be too expensive in 3rd world countries are missing the point here, Australia isnt 3rd world... this licence agreement is "within Australia"... we will worry about the rest of the world when we get there..
The Revenue that will be derived from this alone is not game changing IMO... again the lack of Android use seems concerning... but way early days yet to fix this...
The major issue here is the lack of projection of revenue figures... we are all left guessing... WE have a very high Market Cap of near $130million and are yet to make a cent of revenue, (just around the corner)... when are revenue starts to hit the bank account will it justify our current Market Cap?, if so, how long before we start seeing Qtrly's showing 7 figure net profits?.... I think this is the heart of the problem with the SP not jumping in leaps and bounds...
Once we hit the global scale and we have a better idea how pricing will work, then we will have a serious value on our company... at this stage we are all still in a guessing game..
This agreement does proves that they are happy with their Beta pre-launch testing..back end testing before signing would have been very strict IMO, so huge tic for me that we got this far....don't get me wrong, lots of revenue can be generated just from these two Australian telehealth companies, and we have obviously got SleepCheck to go yet... looking forward to that one, I need to use it, hahaha... everything is falling into place, so still happy days... I just think that much of the above reasons is what is holding us back..
There will be many holders that have taken massive postilions right up to the 30-50cent range, massive volumes in this range... so there will be constant selling walls to over come.. its not going to be easy ride in this current market... expectations need to be proven, revenue figures need to be clearer...
Our company is making its move, baby steps is the right approach, but lets hope we are walking and running sooner rather than later... our APP needs to be available on every device for a start, not sure what the problem here is... Either way let the money hit our bank account...
Hang in there holders, we are just starting to be taken serious...GLTA
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