From an objective standpoint, things have been moving in the right direction in recent quarters, namely the most recent quarter. I am as critical as most when it comes to investing, but it's best to take emotion out of it.
They've been doing everything that you would want a company to be doing. Completed the Applyflow platform, new contract sign ups with excellent feedback from the existing big clients in the recruitment space, wasted spend has been significantly cut in recent quarters and very close to cash flow positive. All for a sub 10 mill market cap tech company.
Plus, they had over 6 quarters of cash left in the recent quarterly. I think there's more to this cap raise than meets the eye. I mean, who on earth would fund this cap raise when they already have a decent amount of cash and have already cut the spending right back? Acquisition or expansion on the cards perhaps? Let's see.
AFW Price at posting:
0.6¢ Sentiment: Buy Disclosure: Held
