GSW enthusiasts 1 year reunion, page-22

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dim81

1,108 Posts.

857

13/03/19

09:42

Post #: 37741875
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Originally posted by Ebbandflow15: ↑

Well, you can also phrase this a different way

On a very high level, GSW has:
-More than A$85M in cash
-Technology that could be proven top-shelf (my client calls suggest it is)
-Revenue that would be representative of a startup

You also have a few other items
-One institutional investor has reduced, I've definitely absorbed some of it
-1 class action, 2 stayed
-ASIC pursuing penalties (likely 1m per person and max 10m per Company)
-Leadership and management that has brought in an active and highly respected Chairman, a world class CTO (In addition to two other IBM execs), and several sales people from competitors.

Seems like there are too many people on this chat that base their opinions on what 'was' vs what is shaping up 'to be.' Tall poppy syndrome at its finest. What I do know is that there has been very significant download activity out of a major server hub for the last several months. This activity was concurrent with the 750k milestone and leaves me excited for this upcoming quarter. Again, nobody is denying that this company made mistakes but there is very clear evidence that they are turning the ship. Time will tell.

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- The comment from Denis Noto was, "your AI actually works". He also met and interviewed with an enterprise client in Miami before he joined.
- Implementation delays in multinational clients with multiple legacy systems are common. One year is optimistic depending on the culture of the client and flexibility in planned spend to support the project.

Lots of positives.

GSW Price at posting: 22.0¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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