I have written them an email re the recent shareholders updates. Hopefully I can get an answer from them shortly.
I think their business model is fine [at least in much better shape than many other spec stocks which only fancy their future currently] however their communication to the market is getting worse nowadays. Their recent cash receipts of $94k has been a constant thing in the last couple of quarters however the new bookings / revenue are growing steadily indeed [except for the recent quarter].
I think the market 's punishment to 1PG is overdone. Hopefully 1PG could soon release news of not only strengthening the board but also shareholder's confidence.
1PG Price at posting:
46.0¢ Sentiment: Buy Disclosure: Held