Revenue 3.3m, expenses at least 6.5m but with only 1.5m in cash in the bank how can they go for more than 6 months without needing to do a placing even if it does not cost them anything to rebrand. How can the BoD realistically claim that they will not need to raise any more money before breaking even ?
As a result I have taken advantage of todays spike in value to get out with only a small loss. As ever DYOR.
Is it really necessary? I would question whether the monetary cost of completely rebranding is justified at this stage of their development? Before they have even started to generate profits. How much will it cost and is it going to generate value. It does seem to me this management are good at, may I say, spunking cash.
I dont know if helium are sniffing their own gas or they have a motive for accumulating. I susspect the latter. Buying for a client or some sort of deal with oracle?
This product has legs and growth potential, and i can definately see oracles intrest, suits their cloud solutions business. I can't see why they cant licence it out to an organisation with thousands of corporate clients and users.
The new sales strategy is correct, but licencing would quadruple the userbase and returns almost overnight.
Unfortunately, I think you're right Dibs. Another placing is a certainty IMO and given the track record here it will be difficult to get one away unless there is a very substantial discount. Cash burn here should have been controlled much sooner and US sales seem very disappointing given the hype.
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