Old mate Froggy found a gem today, more things wrong with this chart than you can point a stick at but looking like an opportunity.
Business is burning cash but has a few reasons for that, located in my part of the world at Tonsley Park which I toured at the start of year but didn't see these guys. They have a funding agreement from the SA Gov that a lot of tech start ups in the state have that requires them to meet minimum staffing levels and while that is a liability on the balance sheet it isn't really debt as it will end up getting rolled over or forgiven. Has no significant past revenue but a full order book and should of booked sales rev that will be in the quarterly next week.
Introducing MX1 which is currently an ugly ducking but has potential.
