A frenzy ?Fully supportive of people staying positive, but...

A frenzy ?

Fully supportive of people staying positive, but sorry, I just don’t see the foundation based in the last 2 years of activity & visible momentum.

This company has been listed for 2 years. The tech was supposedly working then, yet there has been virtaully no revenue from the existing clients they had which apparently had millions of monthly active users. Given they’re paid on transactions, that means NO transactions!

As a minimum, where are the positive impact studies for the clients using the tech ? There arn’t any. Not good for for attracting new clients. 

Other than the drinks company, there have been no new sales in 2 years. Let’s face it, nobody is rushing to buy into this by the looks of it.

They have no gone into agreements for 2 other companies which to me confirms my fears that they cant get any traction with the core tech. They also now have more mouths to feed.

The last announcment included a statement relating to  shares to service providers & staff in lieu of payment. So does that mean they couldn’t pay their staff ? If so, No wonder the burn rate dropped so quickly.

They were virtually out of cash & if the above was a correct assumption & couldn’t pay their commitments bigger questions need to be asked. 

With this raise, they seem to have only raised 400k so far & with new mouths to feed, no current revenue & no new sales that after delivery lag (based on the drinks app it is months, not weeks) that trigger revenue in the short term, these funds won’t last long. 

GLTAH but to me it feels a bit like a “dead man walking”