Well in an odd way, depending how you want to look at it, and ignoring what it "might" do, to the Share Price, the Company has now disclosed publicly, in a fashion, what they perhaps could have, but did not do, previously.
Sales and profits for the Iwebgate technology, in a new version, co-developed with Chinese software developers, now seems to be a ways off.
So, because it helps greatly....... the whole, "Is NET an ongoing concern question ?", a question that must be answered in the affirmative, if the Companies Public Equity access and market are to be preserved, the Company has used Bridge capital from GEM, and now taken some of the recently garnered new capital, raised in the open market, with all attendant registration and compliance surveillance therein, to buy an ongoing local company, with revenues, perhaps even earnings, which when posted, will deliver some more time, for the company, and it's new managers, to develop a sustainable business model.
Throughout all of this, one common denominator remains, the Industrial world, does not yet have, a working... secure digital architecture.
With out a doubt, almost everything, will have to be replaced, in the interim, there will provide opportunities, to sell solution.
In 2009/2010, this was hot stuff, maybe it can be again. China as a market, and a partner, seems problematic.
UpGuard is a great example of an Australian company competing on the world stage, Australia is about to be a giant battlefield between US and Chinese Cyber interests, that is another type of opportunity for a fast moving company.
It is all an SSI game now.
Good luck to all....bring on the reverse Split.
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Well in an odd way, depending how you want to look at it, and...
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