I agree 100% with what Adrian said...so far everything is going as per plan
share price was punished because unrealistic expectation and lack of understanding of the business
I was guessing 650k revenue before quarterly result announced... and we end up getting 610k, so I m not far off... company is doing great very sustainable growth, what is wrong with that ?
Also, the announcement was very clear there is 13m cash plus 8.1m on loan book with close to 19% yield, and also confirmed there was 0 bad debt, and money is now flowing back. Many dumb investors dont understand or simply can't read, and came up with all this bullshit about unrealistic cash burn, and company might be running out of money by June and capital raising is imminent. Using the company cash reserve for lending, do that as long as we possibly can and demonstrating to the funding of DW is alway the plan, and we are doing exactly that. What is wrong with that???
spending 1m to upgrade the system, and expand to 500 transactions in one minute getting setup for big year 2022, what is wrong with that?
It's just the beginning for Spenda!, page-33
Add SPX (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.8¢ |
Change
-0.001(11.1%) |
Mkt cap ! $34.59M | |||
| Open | High | Low | Value | Volume |
| 0.9¢ | 0.9¢ | 0.8¢ | $50.95K | 6.368M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 625118 | 0.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.9¢ | 2069441 | 7 |
View Market Depth
| Last trade - 15.59pm 07/05/2024 (20 minute delay) ? |
|
|||||
|
Last
0.8¢ |
Change
-0.001 ( 7.41 %) |
||||
| Open | High | Low | Volume | ||
| 0.8¢ | 0.9¢ | 0.8¢ | 2219992 | ||
| Last updated 15.50pm 07/05/2024 ? | |||||
| SPX (ASX) Chart |