The updates are nice but I'm concerned over a few things:
* Positive EBITDA is not positive cash flow. There are still interest payments and capitalized software development costs (2.2 mill last half) plus any other redundancy costs, which will affect cash in the bank
* Partnerships are easy to announce but much harder to convert into revenue opportunities
I think the CEO seems to be doing the right things but I decided to exit into the surge yesterday.
I'll keep watching for something concrete. I still have a belief that with 60 mill revenue the profits should come.
Good luck to all.
PPL Price at posting:
16.5¢ Sentiment: Hold Disclosure: Not Held
