Sorry mate, I've never done any research on 1PG, never held or had any intention to hold this share, so I don't know. I only came here to share how I got slapped by RFN (I pulled out at 0.70, now they are trading under 0.30, lucky as).
Just looked at 1PG final report, this is all I can say:
- Their revenue is still too low. If everything goes extremely well, then things may turn around in 3 years at the earliest.
- They still have a lot of cash to play with. How they managed to raised $50mil at this time is beyond me.
- How is the companies / clients coping with 1PG's solution and technology? Is it really benefitting them?
Good luck and DYOR
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