Quarterly Shortly, page-109

Rose Coloured glasses on again. If it drops to 13 I'm in again to average down. Missed it yesterday. My guess is the price will fluctuate a lot at least until next quarterly.
The reduction in explosive revenue growth to increased margins and lower expenses. The 4c acknowledge upto 6 month delay in the collection of receivables and that annuity style income will be offsetting capital issues.

It is nice to note the comment " it is anticipated that the companies level of working capital will improve and importantly, allow for a better and more timely allocation of capital to opportunities as they arise" . All the HC people chatting about a CR might have missed that?

"The E-commerce business only began generating revenue in the later part of September" meaning almost none is in the Q1 4C leaving me with my rose colored glasses not just hanging on holding but also prepared to top up on the dips likely.

Rose Coloured glasses off- it is entirely understandable for many people to bail out and not trusting that SMA will meet the predictions in this 4C.


Rose Coloured glasses back on
Assuming (000) cash at bank 880 plus receipts 1,328 v costs remaining constant or per estimated 1,674.
Note receipts on 660 in 2015 Q1 4c so IF receipts remain or increase as predicted and annuity style income is introduced on subscription billing products and the company does as it says and " working capital will improve... allow for a better and more timely allocation of capital to opportunities as they arise" support the possibility CR theories are off target and top ups and simply hold on may win.

Day traders may have fun or bad days of course regardless of all this.