I gotta back you up, Even a bit of DD shows that the CEO is completely out of his element, the dudes a nobody. Also the Spenda product model is like 12 different Ad-on's which is very concerning from a product roadmap stance as they are contesting for resources. I would be happy with the 46% bump, but I just do not see how this ends up taking off, as as soon as they get any traction, Xero and Quickbooks will develop a fully integrated model and leave these guys in the dark.
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