We have talked over the phone.He gave me the reassurance around all key points which have been communicated to market, particularly
- Chinese Government has left e-commerce out of Sino-AU trade tension and is expected to continue leave e-commerce alone
- In the worst case if Chinese Government decides to target Aus brands marketed via e-commerce, majority of RLG's customers are non-Aus
- Revenue is growing steadily across the existing (10) contracts. From his tone, I interpreted positive Revenue growth this quarter, but of course he couldn't tell me directly)
- Business development is growing well. Again, from his tone, I expected 1-2 new contract to be won in the next 30-60 days.
- CF to turn positive this quarter and will be sustained. Cost reduction is of strong focus. Again, from his tone, I expected no cap raise in 3-6 months unless there is a major corporate transaction (e.g. acquisition)
- There will be increasing engagements with Retail investors, Insto across different channels - roadshows, interviews and Tweeter (tweets from global influencers might be?)
Overall, though there was nothing totally new (which should be the case anyway), I got the reassurance that I looked for. GLTA.
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