some points in the july update are a bit confusing and raise some questions.
Active sites in oz now confirmed at 32. It was 40 in previous updates, so what happened to the other 8?
Several sites in the usa can mean as little as 3 sites. Not exactly a roaring start. I would like to know exactly how many, the names and locations. Individual independent nursing homes such as the one listed as a customer in the usa is chicken feed. We need to see evidence of large chains signing up for trials and conversions into multi year contracts across their multiple sites.
monthly revenue in oz reported to have increased >100% since feb. This is a bit of a nothing statement IMO. Need some more detail in the figures. Its increased 100% of what? Revenue for the 12 months to end of april was $325k. Thats $27k per month. So 100% increase is $54k per month.
How could revenue increase over 100% when the number of clients has reduced by 8? Signing up to new contracts since feb I guess?
Nothing much new in this update of substance. Trying to drum up support I guess. Any other thoughts or opinions on the update and capital raising? Should I take the punt and buy more? The CEO presents as first class with good experience in the industry, but only has a 6-12 month period to increase sales significantly to win long term investor support.
Still no major chain in oz signed up or trialing the product. We need to see evidence of this soon to instill some confidence. Revenue must increase rapidly and soon.
SVA Price at posting:
51.5¢ Sentiment: Buy Disclosure: Held
