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14/12/21
19:00
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Originally posted by EWexplorer:
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May I ask a pertinent question of the longs If I have done a little DD right, BID are in the business of cloud based data support for utilities finance/accounting management. They have 11m in the kitty, lost 4m last Q (per 4C) and have just taken on a new CEO at $440k plus same again as a turn-around incentive payment (plus 5m 50c oppies) Heaps of insider buys but I did see one sale. Couple of significant holders increasing their shareholding. So on the face of it ... might be cheap, might be a good prospect. My question ... remember the BNPL micro-stock run killed by the mainstream finance institutions getting in on the act? Is there any chance an Amazon or Google or Oracle etc could get into the outsourced data invoicing act? Big Brother'ish I realise! Maybe a stupid question, sorry ... I'm hopeless at FA!
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Anything is possible, but think the bill aggregator aspect is pretty niche. Not sure how hard/easy it is to do the bill reading by robot and they are using an external provider to train the bots.