9SP 0.00% 2.0¢ 9 spokes international limited

Ann: Annual Report to shareholders, page-19

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  1. 2,597 Posts.
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    @Davos007 - I agree with you in that I think the business has been poorly managed, with some grandious spending, which was never going to met by revenue at this early stage, with the founders trying to rely on the market to raise additional capital with little understanding of how to communicate their story, or run a business with a viable pathway, but surely they will have to change this over July/Aug/Sept to illustrate a more sustainable path?

    The chart has bottomed and turned up slightly, hopefully with some additional traction generated by the quarterly. A US bank contract could change the dynamic and revenue levels significantly.

    Don't get me wrong, they are doing a lot wrong, with a lot of cash being wasted, but I still see a future here, one that is above 10 cents by the end of this year.


    9SP Daily 30 July.png
    Last edited by jaluma: 30/07/18
 
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