I know it’s been an underwhelming past 12 months from a share...

I know it’s been an underwhelming past 12 months from a share price perspective, which is fair enough given the cash burn, super long lead time of some potential deals, and limited disclosure. But does anyone else think that if they could do another couple of deals, which hopefully includes the big US bank, they could quite easily reduce cash burn by a significant amount. I realise their runway is running short, but assuming quarterly cash inflow this quarter of $2.2m and outflow is forecast to be $5.6m, the burn might be around $3.4m.

So it’s quite a pivotal time for 9Sp, they need a few keys deals to bridge the difference (although realising 9SP implementation costs from any new deals). Not only will it get them closer to cash flow break even, which the market appears to value at the moment, but provide the sentiment to do a cap raise on the back of it (hopefully to a cornerstone) to alleviate the balance sheet. I definitely think it’s a high risk situation, but as an optimist, if the stars aligned then it could be quite a different picture in not to many months.

Just me two cents anyway. Interested to hear other thoughts, especially any insights into whether the product actually offers value as opposed to just convenience. Sounds like more of these types of products (albeit differing quality) are popping up so the land grab is on, hence management execution is key!