The delay in contracts is very annoying, particularly if it means they have to raise at this very low shareprice.
The council delays I'm not surprised at tbh, usual govt bureaucracy rubbish. They hate making people redundant for example, and that's what SNS product will actually do. While understand the reticence to do this, they are also under an obligation to spend ratepayer money responsibly imo.
Casinos on the other hand I'm very surprised at. I've seen the product in action and talked to people in the casino industry who rave about it. Massive benefits to them. You would think they would be clamoring over one another to get the product implemented.
I think if contracts with up front components dont drop by end of FY, a raise will be unavoidable. I dont mind companies raising money, just would be disappointing at such a low valuation.
Cdchi1
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- Ann: Quarterly Activities and Cashflow Report December 2018
Ann: Quarterly Activities and Cashflow Report December 2018, page-7
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