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15/07/16
01:35
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Originally posted by Big Al 007
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This is such a high risk stock. No new clients announced in ages! They won't say it but I think they are well behind what they anticipated in terms of companies using their solution. Add to this an outrages burn rate and no revenue in the last quarter and the jury is out!
The only thing they have going for them at the moment is the $40M they raised last year, which they were very very lucky to get. The next quarterly report will be better but that's only because the last quarterly was awful. You would want to see a very significant increase in revenue and a very significant decrease in expenditure to have some positivity about the future.
I wouldn't mind the company releasing something remotely positive to the market soon! It's been too long!
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Yeah, it's no new clients, and 1PG is going to broke!!!!!!
Go back and read the ASX announcements, 1PG signed NINE new enterprise contracts and two upsells during February and April 2016.