G'day W, I've been following CVT since its listing back in 2014....

G'day W,
I've been following CVT since its listing back in 2014. It's been a wild ride. It initially tried to make the giant killing play early on with deals with Cisco, a Deutsche Telecom company, the Australian government and a number of other partners in Europe. It a crowded marketplace with encryption, it's selling point for it's Safe share product was its military grade encryption and the fact it wasn't American (concerns over the US federal government bypassing the encryption of US software companies). Cisco was the company making deal with a product that would be rolled out through the Internet of Things.

Management was interesting with a number of heavy hitters from the states including early investors in some major American tech companies (can't remember which ones) and the ex head of the FBI IT security division.

However, none of it successfully led to revenue. Cisco's priorities changed and they could not get traction in Europe. With no revenue, cash burn slowly strangled them and they needed to refocus. That's where Ted came in and seems to have been working hard to turn the company around. The tech is solid, but revenue has been their problem.

At 4.2 cents today, the potential looks great, but risks still abound. With non-existent revenue for the last 3 years, they are finally making some ground on this front. The new deals today don't have the unlimited potential of those early deals, but starting to see revenue trickle in. The hope is that these deals will lead to others and so on.

Although I've been following the company now for 3 and a half years, I don't know where the Internet of Things fits into their current business model, and don't know enough about the blockchain technology or even if there is some sort of crossover between the two. Safe Share is a good product, but in a very crowded market place.

I continue to like it as a speccy play.