I agree with the sentiment, although let's not lose sight of the...

I agree with the sentiment, although let's not lose sight of the facts; The company said they had done $500k in both Nov'18 and Dec'18. They have now delivered $1.57m in the 3Q, implying $500k for Jan, Feb, and Mar'18.

THAT'S NO MATERIAL GROWTH FOR 5 MONTHS! And don't even get me started on the cashflows that seemed to go another quarter in arrears.

You can point to the telcos they are signing up, although they already had 35 in billable stage and they have only delivered 73k of active users (~2k each), so what's a telco agreement worth?

They can point to a Jan/Feb telco embargo all they want, although that shouldn't affect the business customers within the 35 existing billable telcos switching on call recording, and they only managed ~4k of new users in the quarter (the embargo would mainly affect the back end). Even if the 4k was produced in March alone it's disappointing!

I still like the theme, although the company needs to prove its distribution before I buy this at 21x ev/rev.

I think this one will rerate down to under the raising price tbh.

Good luck holders!