Regardless of the sell down, Cirralto is in a strong position. Plenty of cash runway, revenue is still on the increase and they have been arming up their system to deal with some serious volumes of transactions up to 500 per second.
Anyone abandoning ship after the last quarter results is not paying anywhere near enough attention to what the team is up to imho. A very well executed tree shake that capitalised on an ASX bungle as well as hyped up hopes mostly trumpeted by the same people who rubbish the company. The same people who are no doubt taking up much larger positions.
The last quarter in my opinion was fantastic. Revenue INCREASED, though not as fast as some had hoped. Mainly these expectations were built by the mantra of downrampers constantly asking "so if the revenue is bad this quarter, will you say that we will wait for the 4th quarter".
The quarter just passed saw the majority of Australia still in lockdown. FACT. Adrian has already talked about the problems this has caused onboarding customers yet the team has managed to get us boots on the ground in India in that period and sink 1.1m into strengthening the SPENDA system to deal with the soon to be realised huge flow of transactions. It wasn't a terrible quarter at all, it was fantastic.
This next quarter sees Australia out of quarantine and the very busy christmas and holiday season hit. Customer onboarding will be charging, greenshoots acquisition will be finalised and revenue will be flowing. We have our rolling trade finance happening at 100mil a month, 300mil over this quarter. Anyone that has bailed right as things really start to fire up is going to seriously regret it if you ask me.
Again i say, watch the South West presentation, we are just getting started. Adrian is making very calculated strategic moves aimed at taking Cirralto all the way to being a portfolio stock. If that means a slow and steady start so be it.
Mastercard + Visa + Fiserv combined market cap of over 900bn see value in partnering with us. Their opinion is worth 900bn more than the naysaying trolls who are bombarding you with doubt. I know whose money i want to allign mine with.
Smart money is with Cirralto. Worlds largest financial powerhouses are with Cirralto. I'm with Cirralto. Which side are you on?
To Victory!
CRO Price at posting:
5.5¢ Sentiment: Buy Disclosure: Held
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