LeFevre.. I have followed your posts for years... and one thing...

LeFevre.. I have followed your posts for years... and one thing I do admire you is you do not blow smoke up the arse of a company if it is not performing well, even if you are invested. Also follow you, beacuse like me you seem to be a long term investor and not a trader. I have been part of many of the same investments as you and I am surprised you have been on the ride for this long considering how often management has failed to deliver. Well aware that COVID plays a part in their average performance but they have struggled to get traction for too long.

I have had a real interest in this one ever since another investor convinced me to meet the MD as part of an investor roadshow mid last year. The issue I always had was cash lag between signing agreements, doing the work and then receiving the receipts. I kept on saying I will look once they do another CR and their revenue picks up. They have now done 2 CR's since that preso but revenue is not getting traction. While I acknowledge the 4c is a cash flow statement, it does not hurt to cover revenue in the same update and I think todays is one of the first. They also do not present any graphs showing past performance for both recipts, cash burn and revenue... and i think the reason they do not do this is because it is not great to look at.

I love this technology, just not liking the cash burn and the VERY long sales cycles. But we can both enjoy the ride on EMV together!