AR9 2.50% 7.8¢ archtis limited

Ann: Request for Extension of Voluntary Suspension, page-59

  1. 1,802 Posts.
    lightbulb Created with Sketch. 383
    Fact of the matter is that the share price has been on a slow downward slide for the past 6 months. The main reason being the lack of revenue - we can gaze at the fundamentals all we like because they will gradually slide as well.
    If they have a $40M sales pipeline they should be converting some of that pipeline to revenue - and we have seen zilch(with exception of a $44k contract that was seen on Austender). On last 6 month trends it would have continued to slide to about 26c by now. The negative impact of the suspension will probably push it a few cents lower temporarily.

    I want this to succeed but without revenue it won't and it needs to be big revenue because their largest $4.2m contract with Defence ends in June.

    https://hotcopper.com.au/data/attachments/2916/2916307-f2bcd7d856a8c299530ffe84b878ff4d.jpg

 
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