Thanks all for sharing your thoughts. Interesting times. Covata...

Thanks all for sharing your thoughts.

Interesting times. Covata has certainly run into some headwinds with their partners during the past 12 months. What I do like is that they have pushed ahead regardless of these challenges. Their focus on the UK Govt and Prime Contractor are two very large opportunities which they have pretty much orchestrated by themselves. This is impressive and I am sure the slow-performing partners will take note.

I think the IOT opportunity which is based on OPEN standards and getting developers involved has great long term (2+ years out from now to mature) potential.

TT also mentioned that the Covata staff have some of the bonuses tied up in share options with exercise prices ranging from $0.20 to $0.34. So they will be very focused and keen to see the share price rise above $0.34 asap.

It can't recall it being mentioned in yesterday's briefing, but once the UK Govt opportunities are starting to come across the line, there will be enormous opportunity for Covata to still keep an aggressive business development focus on the EU countries which need to improve data security within the next 2 years. I think this will cause quite a rush at some point within the next 6 to 12 months.

I am disappointed with the lack of revenue up to now, but happy that they have secured funding to support their growth story for at least the next 18-24 months. Next 6 months should give us all a much better understanding of whether Covata will take the next major step.

I am still prepared to be patient for the next 6 months. Good luck to all.