My main issue is really the domain they are using for their website, using a .website TLD instead of something like a .com.au or more traditional suffix. This seems trivial to some but as a software engineer it doesn't give the best impression for a listed company to seem genuine and capable. Also noted they are missing all the investor centre info from their site and also mentioned the general vibe I have found around the company not being exactly timely with market updates. I got an email back from the CEO today assuring me they are working to address my concerns and some of these tasks were already in progress. He seems like a genuine, down to earth kinda guy so I will give them the benefit of the doubt and see what they can deliver in the next 12-18 months. The more I look into what they are doing and the more I run the numbers based on total unemployed plus NDIS participants the more I can see this being a growth business, given their contract pricing is per participant, per provider those numbers can add up pretty fast to a very meaningful revenue stream. Only 69 million shares on issue of which over 40 million of those are escrowed so quite low liquidity but also means more revenue per share. I think most of the IPO holders are still holding and it's just the impatient ones that are driving the price down.
BGE Price at posting:
5.1¢ Sentiment: Buy Disclosure: Held
