"Pil needs to do something to improve the confidence of it's...

"Pil needs to do something to improve the confidence of it's shareholders. They don't want to see complains about covid affecting it's revenue again".

IF PIL were really serious about building investor confidence they would focus on facts rather than focusing on Spin

Think about this ????

1. COVID has stimulated on line activity enormously everywhere in every country and especially in Asia and most like the Philippenes where Smart phone usage is pretty much 100 %

2. PILS main Revenue stream ( apparently - but see Point 5 Below ) comes from Online activity

3. Online activity can only come from the Apps ( are they working seamlessly - easily - adding value to the user experience etc etc )

4. So its not COVID I suggest that is PILs proble is most likely to be problems with the Apps & the agents aren't using them - and so there is not much revenue coming from the "Agent Base" !!!

5. On the question of revenue - PIL also get licence fees as well
( I think - well they have in the past ) from a few financial institutions that pay them to use their apps - How well those institutions actually measure the usefullness of and Use of thos apps is questionable . ( as PIL lost a major contract a few years ago - presumably because the bank that was using them founds a an easier better way of doing things )

SO IF PIL received any licence fees for the quarter - that revenue compared to Agent numbers would look worse !! ( because it would be lower )

6. So IF PIL disclosed the break up of where there revenue came from shareholders could see the progress and in roads they are making .

What do PIL do - in the latest report ?

a. Talk about their forward initiatives
b. Blame COVID as having "impacted operations and cash receipts for the quarter"
in generalist sweeping statement
c. Sweep the actual revenue result of $258,000 to the back of the report under the cash flow detail .

Go figure !!