IHG intellect holdings limited

no news of any other deals yet, page-2

  1. 13,477 Posts.
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    Hi dougieag, Its anyone's guess. To restore some credibility, they've got to achieve their goal of profitability in the 4th Q. They announced an order book of around $34 million a few months ago. They have since announced that 30% of that has been turned into a firm contract. Maybe some of the other potential has also been converted into firm sales (in small, unannounced lots). Even with the $10m removed from costs, they'll need a bit more than the announced $11m contract to break even - and they need to deliver all that before June 30. It'll be line ball but they could do it. And could be an important turning point. I note also that the new investors and GPG have not sold.
 
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Currently unlisted public company.

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