Hey thanks, SimpleJim. I agree with letting the revenue do the...

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Rubiconis

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18/09/20

12:01

Post #: 47446804
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Originally posted by SimpleJim: ↑

I wish I read this forum before replying to you in the other one.

You seem a lot more switched on than your intial comment in the other thread suggested. I guess you got caught up in the hype like me.

Just know, there's lots of people here not posting and not even investign that support all your questions even though the mushy headed holders here mostly attack you. You're asking the right questions and apart from @justinr's response, the fact that most holders cant say why they hold is alarming, not a deal breaker though as this forum is littered with investors that dont want to think or read a report.

In terms of why I hold, the main reason is the revenue growth and not just anywhere, but in China and soon to be India. That alone is exciting. Unfortunately the company doesnt really provide any numbers to support why their product is better than others.

Ultimately, I'd just keep reading about the company and keep watching it closely. If they hit their $15m revenue forecast and can provide a forecast for 2HFY21 which shows sustained growth then keep holding. If they fail to do so then why hold a loss making company that you don't beleive in (simply because you dont have enough information) that isn't growing revenue... if they cant hit the revenue forecast and sustain growth then why go down with the ship? Save your capital and run.

I'll post some commentary around the quarterly when its released next month. But for now here's a little guide i'll be using..

<$3.5m - GTFO
$3.5-4m - Think long and hard about your holding- do they expect a lot more next quarter? Do they still expect to hit their forecast?
$4-4.5m - Forgiveable
$4.5-5m - On target
>$5m - Beating forecast, happy days.

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Hey thanks, SimpleJim. I agree with letting the revenue do the talking. In the meantime, I'll keep an eye out in reputable, published IT journals and analyst research papers for any mention. Cheers.

NET Price at posting: 7.5¢ Sentiment: None Disclosure: Held
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