I reckon the team will have no problems getting capital in this raise. The capital will alleviate major concerns to see through breakeven and I expect the share price to rally over coming months.
The company's revenue is consistently tracking upwards and there's a substantial amount of latent value just sitting in the existing customer list because the majority of revenue is recurring. Revenue per customer is growing rapidly as penetration improves particularly with the training sessions driving usage (billing).
I can see a breakeven in the next few quarters. Cash expenses are flat showing scalability.
I saw Mitsubishi quietly added to the customer list as well. A very big name like this gives huge credibility.
I expect around $1.2m to be raised for a 25% slice of the company. A very good time for the new investors to get in as it could well be the final raise. A major cap on the share price is about to be lifted.
Not advice, just my opinions.
GOO Price at posting:
6.5¢ Sentiment: Buy Disclosure: Held
