Rough day but hopefully the worst is behind and we can start...

Rough day but hopefully the worst is behind and we can start ticking up in the right direction.

Literally nothing has changed from a business perspective. Management are kicking goals, revenue figures are impressive, huge validation via multi billion dollar channel partners.

Sell off today probably caused by a few short sighted investors that got pre IPO or seed stock and decided they wanted to take a small profit rather than back the company.

Below from the fin just now.

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9 Spokes chief executive Mark Estall is not concerned about the company's share price fall today. Larry Anda
by Yolanda Redrup
The chief executive of New Zealand-based cloud accounting start-up 9 Spokes has shrugged off the company's ugly debut on the ASX on Thursday, and said the company will focus on making its current clients happy rather than chasing new ones in the short term.
9 Spokes slipped 25 per cent to 15¢ on its first day of trade, despite attracting strong support from institutional and retail investors and closing its $25 million capital raise early.
Chief executive Mark Estall said he was not concerned about the share price decline.
"It's just one of those things, it's not really in our control," he said.

"We've been doing this for four years now, we have our product in the market with three amazing clients, and we've got a proven model in front of us. We're not just building something in hope."
Mr Estall said the group has recently signed two big new clients, but warned investors should not expect any other big clients wins until closer to Christmas.
The company, which has built and manages a portal for businesses to aggregate all their cloud computing applications in one place, is opting to focus on "making happy" its current major clients –Deloitte, Suncorp and Barclays – rather than chase a bigger pipeline in the short term.
9 Spokes' shaky start to life as a listed company could worry fellow tech company LiveHire, which makes its start on the ASX on Friday.


Wins and bottlenecks

The company also sells its product as a white label solution, under which it has built Deloitte's Private Connect platform.
UK bank Barclays and Suncorp Group have been recent client wins and when all three platforms are live by the third quarter of this year, 9 Spokes has forecast that it will earn a minimum of $325,000 in monthly recurring revenue from these deals, which will increase with greater user uptake across the firms.
Mr Estall said in the next 12 months the company was aiming to have expanded to the US, won another two or three clients and also started looking for implementation partners.

"Implementation is quite a job and it's not really our bread and butter, we've had to learn it, but there are companies out there that do implementation and we could partner with them," he said.
"That's our bottleneck currently."
9 Spokes raised $25 million at 20¢ a share through the initial public offering, valuing the company at $80 million.
The company's biggest shareholders are Mr Estall with a 12.8 per cent share and co-founder Adrian Grant with 12.7 per cent stake. Chief marketing officer Brendan Roberts also has a 3.7 per cent share.

Global targets

There was no sell-down in the IPO from pre-existing shareholders, and 50 per cent of the company's 70 staff actually bought into the float.
Prior to the listing the company had raised $11.4 million through a series of private funding rounds.
Outside of advisory firms and banks, 9 Spokes sees franchises and large companies with widespread operations as target clients.

"As an organisation ... we headed out to be global and we knew we'd list. We built the company to be publicly traded from day one," Mr Estall said.