Typical tech start-up stock with negative earnings for a few years while the product is built up and marketed.
I like the relationships that they have been building with solid players in the banking and accounting industry internationally. They seem to be reducing overheads while increasing sales and that speaks well.
Paul Reynolds as chairman is a smart guy with proven history at British Telecom and Telcom NZ and can work effectively with large corporates internationally.
As an investor, I am happy for the share price to decline at present and have topped up today.
Short of a bust in the financial markets, I do not doubt their ability to raise more funds when needed.
9SP Price at posting:
5.8¢ Sentiment: Buy Disclosure: Held
