Taken me a while to process this morning's information and decide whether I liked it or not.
Positives:
- Strong sales focus potentially pointing to commercialization time
- Appointments have exposure to IoT, SaaS, Telco industry and IT services
- Release of client-specific information in terms of testing
Negatives:
- Market perception of Clay moving on
- Benjamin Daly's lack of longevity in recent positions
- "Expanded" field testing possibly alluding to an incomplete product or lack of confidence from client
On further reflection, given that Benjamin Daly is clearly a proficient and experienced salesman, Performance Rights will have a tendency to drive his passion for success more than it may have with Clay.
Overall I am pretty happy with an announcement that potentially signals we have a product which is ready to go to market.
Only time will tell whether that happens or not.
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