Talking about CR, just completely ill-informed.
No CR risk for at least next two year without ANY REVENUE!
1PG platform was launched just 12 months ago! Initially on trial, no revenue.
then got big companies signed as clients.
then acquired Marianas Labs for their data IPs and world class tech team including ex-Yahoo CTO working for 1PG last December 2015,
then focusing on integrating acquired data IPs into 1PG's platform, upgrading to Ver.3, slowing down signing new clients.
Cash as at 30 April 2016: $41.2m
1PG announced to reduce monthly spending below US$1m, about A$4m per quarter, less revenue.
If we only sign off $1m contact per quarter, 1PG can reach break even in 2.5 years, lowest budget cash level $26m. (Thanks
@asb83 )
http://hotcopper.com.au/threads/undervalued-oversold.2798893/page-297?post_id=18342695