Ann: Swift Signs New Contracts Worth $2M, page-10

Yes - there has certainly been some positives in the last few weeks.

And hopefully SW1 is on the right track.

That's certainly the reason that I also purchased a heap of shares between 1.5 and 2 cents in the last CR.

But seriously, have a look back through the announcements for this year.

The only time that we ever hear of any new contract wins is around the time that Pippa and Darren & Co now want to raise money?

There is a string of positive announcements leading us all to think that the business is going well - and then there is pretty much complete radio silence in between.

Sure, some of this was probably taken out of their hand through COVID - but IMO the market is now suspicious.

And given the huge wealth destruction over the past few years (all whilst we were constantly told by previous management how well the business was going), it is understandable.

Obviously this management team wasn't responsible for that long term wealth destruction - but they really need to start consistently winning new (profitable) deals going forward.

As it is clear that SW1 needs more profitable deals to get to cash flow positive consistently - and then hopefully move onto achieving a profit soon after.