The 4C says $1m in the last 6 months. Q-o-q revenue falling too, not much of recurring revenue growth to show for.
Look, this is no longer a development company, it has been in operations for several years now. And the main reason I indicated why their revenues will not get into material amounts is because they chose to compete in South East Asia, a market that is cost conscious, and their currencies when translated into AUD does not amount to much. Its actually quite laughable that a sizeable revenue growth over a pittance base can be deemed good.
You've been here almost as long as I was from the beginning, the modus operandi is more CR after CR. And after some time, new market participants come in and someone does pump it up, and there's no reason to do it now because the micro cap stocks are pretty dead, especially in the tech space.
Question people will need to ask is how long more would Thorley Fund be willing to fund.
YOJ Price at posting:
3.7¢ Sentiment: Sell Disclosure: Not Held
