LoL it would not be a SP3 announcement without Gerard doing an investor briefing
My perception is that investors love this company because they think it has a phenomenal product (IMO on paper it looks like an excellent product that solves many many problems), but the cynic in me is thinking why is Gerard spending so much time selling this product to investors when the company desperately needs customers to get to cashflow breakeven
I note again the mention of margin improvement and profitability and although I understand the link, the key issue is one of cashflow (or lack of), and there is no mention at any point of being cashflow positive - on the bottom of page 3 it says "reduce cash usage in FY24" and "future operating capital requirements are anticipated to be funded from operations" but this ignores the fact that (a) they don't have that much cash to use, and (b) how can they contemplate any capital investments without even being operationally cash positive.
I must say there is being positive, and then there is ignoring the facts
I hope I'm wrong for myself and all holders (and the product does seem to genuinely solve a problem), but the sales are not reflecting they can run this business profitably
SP3 Price at posting:
2.3¢ Sentiment: Sell Disclosure: Held
