Thanks Brett64. My sense is that the company is floundering. Sales have not lived up to expectation (Telstra, Rhipe, etc). This has been going on for years now. These little $220,000 cap raisings indicate that they are scratching around for money just to keep the biz from closing down. The small scale suggests that the big end of town is not buying the story anymore. If the tech is so good, why isn't Telstra and others funding it for an equity stake?
Its not just the sales volume but also the quality of sales that is disappointing. Cutting edge technology usually commands a premium price, not give away prices, (think Apple). Having a business strategy that is relying on high volume but low margins for a high end technology is bizarre, especially in the Chinese market that can replicate the tech faster than you can blink.
I hope I get to buy you that beer soon.
NET Price at posting:
2.5¢ Sentiment: None Disclosure: Not Held
(20min delay)
