Obviously the share price says something. I agree with it, I thought the 1k users was weak, was hoping for 2k+. It does show that on-boarding users is largely out of 9Sp's control at this early stage. If the channel partner doesnt spend the money through internal on-boarding resource and marketing spend then all 9SP can do is sit and wait. Let's hope these go-to-market programs are substandtial.
Thought one postive was indicating signing more channel partners within 6 months, which from memory was indicated as within 12 months previously.
I'm not to sure about this channel addressable market (cam) metric. I mean it's a bit misleading isn't it? You could sign a channel partner like Deloitte uk which has a huge SME base, but if they arent engaging their own clients then that "huge" base is irrelevant. I use Deloitte uk as an example because once again it wasn't mentioned in the release despite being one of the first channels to go live, one can only assume it's been underwhelming.
Anyways glad we have a base of numbers to start from and traction is growing from base of close to zero. Looking forward to hearing anyone else's thoughts on 9SP's development - positive or negative?
9SP Price at posting:
18.5¢ Sentiment: Buy Disclosure: Held