It's just the beginning for Spenda!, page-52

Hi @PRD2427. If there’s negative tone, it’s only because I’m skeptical about what the business has delivered so far vs the promises made; from a purely financial view, it certainly hasn’t created value for shareholders in the past 12 months as it is hovering on the 52 week low of 0.034.

Anyway, FWIW the reason I used 40% Q-on-Q as a guide is because even Adrian noted in the video, the 55% growth was only that ‘high’ because of $76,000 of payments not recognised in the prior quarter. So 40% seems more reasonable. Obviously if they can beat this consistently, things look better. I explained why I don’t think expenses will easily be cut; you’re welcome to disagree but one thing Spenda/Cirralto should teach investors is that healthy skepticism is more useful than hope.

I actually felt quite sorry for Adrian, watching that video. The frustration was palpable. He’s probably pouring 110% of himself into wanting this to be a great success and some of the comments I’ve seen directed to him on Twitter have been disgraceful. Unfortunately when you’re managing a publicly listed company, you are the custodian of other people’s hard-earned money and so your success or failure is going to be scrutinised very closely. He probably learned a few hard IR lessons during 2021.