Share
4,005 Posts.
lightbulb Created with Sketch. 827
clock Created with Sketch. 27/04/16
20:35
Share
Originally posted by nine lives
↑
yep gone to the sidelines for now GrimWally. I did not like the fact it made a new low so took advantage of the bounce and went to the sidelines. My concern before that was the lack of new signings. I think it was sharks who said that I need to be a bit more patient and that we should expect a longer lead time and that it could take months to get things rolling with the BDMs....but my principles were built on what the company themselves said as retold to us in the Ballieu mark 1 report. 20% month on month growth was expected with a cash burn of 300 - 400k. This was to pave the road for a transition to cash flow positive without the need for further capital. But by Ballieu report mark 2 we were talking 14% month on month and a substantially reduced predicted revenue for this year. Since then it has gone totally quiet on the new enterprise client front and we have seen new lows and, horror upon horrors, we have seen Ballieu as one of the big sellers. To me this is all smokes signals that all is not well. Furthermore I worry that the cash burn may have increased as they may have taken urgent steps to bolster the signing of new clients. But whether that is the case or not will be revealed in the quarterly.
Expand
Had a feeling we may have been losing you with the slow down in posts. Thanks for the great balanced posts over the course of the last 5 or 6 months. Hopefully you'll join us from the sidelines sooner rather than later. Cheers 9L!
