Ionic's 2024 August Update, page-8

Nice ann.
Devil is always in the language "some gross profit" to me means that they are clearing direct costs of that product yet still bleeding on relevant admin (and so be it for a developing company)
IPO looks like it is still a while off- imo we will be lucky if it occurs in 2025- at least by then we will have more revenue to show. We have all been locked it for so long anyway, so why not drag it out further and have more deals realised before the market prices Ionic up?
I like the personal language used to deal with shareholder frustrations- at least they are not being arrogant.
Biggest concern atm is what is happening with their Cap XX parnership. Seems like Cap XX has stabilised with their admin team and share price, yet I would be surprised if they had advanced much with all the turmoil going on- an update here would be nice