They have definitely had customers switching off. In the June...

They have definitely had customers switching off. In the June 2019 quarterly update they stated:

"The company reported revenue of in excess of $800,000 in the month of June"

If there was no drop off in customers than at a minimum of retaining the $800,000 per month reached in June of 2019 then we should of seen revenue in excess of $2.4 mill for the September quarter. Instead in September we saw average revenue of $717,000 per month. A drop of $83,000 per month.

Now for December quarter they have reported an increase that gets them back to June 2019 levels of an average of $800,000 per month. Problem is its taken them 6 months to gain back $83,000 per month in revenue at a cost of Product Manufacturing and Operating Costs of over 4.3 million over the 6 month period.

In my opinion this is a terrible quarterly and the only thing that's going to save the share price on Monday is dependent on the trading halt announcement. If they announce Telstra with no significant dollar figures attached then I'm afraid a downgrade in share price will occur.

To put things in perspective they have on-boarded 22 new telcos and 17 new service providers in the last 6 months alone for an increase in $83,000 a month in revenue. What kind of a difference is one Telstra going to make? Time will tell.