"Skipchain technology', there's a new word for the vocabulary. It certainly looks as though there is real relevance with these products being brought to market. As Ted mentioned at the AGM, when CVT's tech first came to market, there were few if any competitors offering the product, move forward 5+ years and there are many in the space, so it is now important for the company to differentiate and value add at the customer level.
I do have to give Ted and the team credit for being honest with shareholders as to where the business is up to, the challenges and opportunities ahead for the business. The AGM yesterday was very informative as always. The only thing Iam critical of was the business talking about the potential need to raise further capital in the last qtrly update, this doesn't need to happen in the next month or even quarter, however it likely took the gloss off a decent set of numbers that were reported to the market.
They are growing the business qtr on qtr and also stated at the AGM that they are currently in tender phase / significant discussions with a number of other potential customers that they will hopefully finalise and bring to the market shortly.
Looking forward to the business securing many new users as they roll out to the business divisions inside the recent substantial European customer brought on board. When they are able to show the market that the roll out is taking place and users are being brought on board, meaning tangible euro's coming in the door, the market should receive this well.
CVT Price at posting:
2.3¢ Sentiment: Hold Disclosure: Held
