4.5m cash burn for a tech company becoming GLOBAL.
cash burn last quarter dropped 10% and revenue % up again.
You would be silly selling at these levels when they are currently in Bids for deals which could bring them to cash flow positive - thats why you should be holding.
They are on track with there quarter on quarter revenue growth to cash flow positive trajectory (without even taking into account one of these major deals)
The green expo has just finished, the AGM is around the corner.
this quarterly we have been promised of more ohm sales then everything combined before.
You say youre holding but your disclosure doesnt.
IMO anything below 11c is a steal.
Market advertising recently has been phenomenal.
Cash burn is high because new positions, employment, training and materials are increasing - expected when going global.. if you can compare other companies salaries to ours which are on the same scale as us and we are paying to much instead of just throwing out a random statement about how ours might be too high because cash burn is high ill take note.
Although I like your insight you seem to always delibaretly miss key factors as to why this is a buy and not a sell.
Im keen for the AGM, the quarterly coming and hopefully the major deal landing and catching those who didnt believe with their pants down.
ALL IMO. DYOR.
Add to My Watchlist
What is My Watchlist?