there was a reason over 30% of the company changed hand in a few...

there was a reason over 30% of the company changed hand in a few sessions the other week imo

Report says it all, despite some really amazingly misleading statements and financial claims imo

read this, then compare it to what was served up and presented.

https://www.copyright link/technolo...security-heads-for-an-asx-ipo-20170619-gwtu5k

Business now has less revenue prior for sale of the product now than when they to market, but much much much much higher salaries and wages
less recurring fees since coming to market
less recurring fees from last year
sales of the scout security item, which attracted 3.6M in capital before the float and which has sucked in over 12M since float to develop and enhance the product current has approx 50 percent lower sales for the product than last year, way lower than when it came to market and when you consider that it has now sold 20000 systems, including 3500 last year, wow, there is the confirmation you need that it didn't maintain its sales price and margins, well that has been talked about for ages

The business of scout security selling its product directly, thats over - im actualy suprised no inventory writedown.

So it claims sales up but 2 line items are new, one is mainly from existing major holder,(developement fees)  that has been extended again post report

and licsence fees are probably a one off following monster prepayment by zero in April, they prepaid fees and got licsence change

When you consider the recurring fees are down even with the massive prepayment, wow

So its moving into white label now, the original business isn't working which is as clear as day, but foxcon and a suite of other companies offer white label programs, its not like the product faces no competition - it clearly does, that why sales have tanked since float and margins are eroded.

Receipts from customers up, hellllo, massive payment for recurring fees paid

was supposed to be cashflow positive from dec 2017 i think, that was achieved and mentioned in commentary as happening dec 2019

hellllo, receipts from customers included 777 approx aud from major holder for development work paid six months in advance for the first white label pivot.

PPP loan, its should be forgivable under certain circumstances but its now recognized as a loan....

So 3.6M before float, approx 12 M plus after, sales of the compatible product line are way down despite enhancements...down 50 percent approx since last year

ITs now a company living off finding customers wanting to re brand scouts little product with their name - less drain on cash flow but less margin once the original development fees are paid, and there are many many more companies in the market that are better established that can rebrand any electronic device you want if you have it or you have a licence from the owner.

Salaries and wages,  just reconcile how much has been paid to deliver sales of a product a approx a qtr of what they claimed comng to market.

All that capital  - paying some insiders very well for sure - well done to them, meantime people providing the capital have seen price destruction and bathed in dilution

Note from the article above, Alexa  - lucky they re plugged that the other week to allow someone to get out

Anyway good luck, lets see what the business is next year..

No return to shareholders even on the horizon or mars imo

Good luck, interested to see how those that paid vastly more for a major slice of the company  the other week trade it