Ka-ching. Another gold coin in the jar (which is very nearly full). Might have to get a bigger jar the way this is going.
We are now $2,550,000 down on same time last CY and need to report $7,820,000 for this current quarter just to match total for CY 2020. Good luck with that.
I received a few negative comments recently because I try to state the facts.
Well, the only asset I have is past history with this stock, and lots of it. This is the third quarter in a row where Customer Receipts are lower than the corresponding quarter in the previous year. Yes, recurring income is supposedly up. Yes, an item call "Closing Trade Receivables" has suddenly appeared to make it sound better than it is. Yes, they put in bold "an increase of $3.1 million compared to the previous quarter" (so what??). Yes, version 2.2.2.2.2.2.2. will be released in December 2021 (so what??? there have been so many versions that no-one wants to buy. That one isn't likely to be any different). Yes, they won an award about 10 years ago for a product that probably doesn't even exist anymore.
At the end of the day, it will succeed or it will fail. I can see this dragging on and on and on. Somehow they just keep getting money out of people's pockets to keep it afloat. No doubt there will be another capital raise soon and a whole new bunch of oh so excited punters will put up their hard earned, not knowing the pain that lays ahead.
No doubt I will get another "if you're so negative why don't you just sell" comment. This owes me money. I don't have to sell. For years this has been spruicked as some sort of disruptive, award winning, unicorn. I am staying until it succeeds, or it fails. For me, when it gets to $1.00 it has succeeded. We only win or lose when we sell. We should have all sold 2 years ago at 30 cents because it is going to be an incredibly long time before it makes 30 cents again.
GLTAH. We are definitely going to need it. I look forward to the investor presentation with the AGM, when they tell us again about all the 'potential' out there (that other companies are making a lot of money out of).
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