NET 0.00% 0.3¢ netlinkz limited

"First drawdown of $2,100,000 on the GEM FundingFacility of...

  1. 13,861 Posts.
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    "First drawdown of $2,100,000 on the GEM FundingFacility of $29,000,000 in May 2019"
    "Current monthly burn rate of Netlinkz Limited is$650,000 of which $420,000 is paid to Systemic PtyLimited and iSoftStone for product commercialisationand go to market strategy"
    "JAST has signed a new agreement to roll-out theNetlinkz product to 51 cities over the next 12 monthswith China Telecom and China Unicom.JAST will distribute total software only solutionsreplacing VPN. This will include mobiles phones,tablets and PCs (Android & IOS versions)"

    It seems that sales are imminent.

    "JAST Limited has sold over 40,000 VINs in our pilot generatingover $40,000.00 net revenue per month for Netlinkz."
    That is just under half a million dollars per year income just from a trial. The potential is obviously large for full commercial sales.
    It should be an interesting year ahead. Regular Director purchases of stock are a positive sign.
    After the normally weak May and June months for smaller companies, July and August are traditionally strong months for the same smaller companies. I've taken a position here from the 9.7c range and topped up today.
 
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