CRO 2.33% 8.8¢ cirralto limited

Copperroad, the burn rate will obviously diminish as the...

  1. 3,010 Posts.
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    Copperroad, the burn rate will obviously diminish as the services are built out.

    The Company's stated aim is 75 deployments by October:

    The Company is currently ramping up support and implementation services to deliver a monthly run-rate of up to 75 site deployments by October 2018. (Market Update, 27 July, 2018)

    In only the fortnight since re-contracting began with the consummation of the Classic Funding alliance, the Company had 11 of "...over 100 individual customer engagements and implementations under way..." (Market Update, 27 July, 2018) re-contracted.

    There's every reason to believe most, if not all, the remaining 100 will similarly come over. Customers were obviously eager to have the work done ...and it was always CRO's work, not Telstra's.

    I agree, more transparency and regular updates are needed.

    Fortunately, I think that's what we're now promised.
    Last edited by Nowhere Man: 10/08/18
 
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