I was in this stock for years. Was really expecting minumin $ 2.4m sales. Ready for the rush.
I truely have no idea what booked revenue is. Zero idea. I asked showed a few buddies and they are perplexed. Still like to know for future reference. Have to ask an accountant to find out exactly what it means.
2 reasons I’m out and won’t re-exit is Telstra existing and the dollar amount of administration and corporate costs they goes though. $830,000- this next 3 months. That’s does not include staff costs. What’s all this money for exactly? What does administration and Corp costs entail. It’s over $9k a day. What’s that for?
If the don’t get the book revenue fast enough what’s happens then? Dilution. To much of a risk here for me considering the cash burn and Telstra saying bye.
Really like to see it succeed. Revenue will do the taking. It’s all up and running. See if they get any runs or not now. The chit chat on HotCopper will do nothing to hurt the stock. They either get clients signed or not. They have engaged heaps of clients. Now let’s see the cash in the bank. That’s how I see it.
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