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5.5¢ pointerra limited

Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-39

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jbone11

75 Posts.

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23/06/23

23:13

Post #: 68446344
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Originally posted by SteveSage: ↑

Just reading this again given it was the last time we heard from the company where they indicated:
- last time ACV was reported was on 31 Oct 2022 (so that will be 8 mths ago at the end of June)
- claimed ACV stands between USD 19.7-22.1m PENDING outcome of remaining customer contract renewals (so communication of new contracts and/or confirmation of ACV so assume renewals did not go as plan)
- expects ACV growth trajectory resumes in 4Q and FY24 (which again seems to confirm some issue)

The fact that they reference ACV multiple times and we are 2 mths later and no further communication seems an incredibly poor decision by management to not front up and be honest with shareholders and IMO is a large driver of why the share price has more than halved since last Oct.

They had between Oct to Apr to work out a strategy on ACV and the best they could come up with seems to be no communication what-so-ever. Incredibly disappointing to say the least.

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Yeah mate I don't mind if something isn't going to plan which is acceptable but I'd prefer communication otherwise I start not trusting management which is a sell I think they better start explaining what's going on behind the scenes.

3DP Price at posting: 9.1¢ Sentiment: Hold Disclosure: Held
11 Upvote

2 Great analysis

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