MOS - Online subscription services are a gold mine16 Oct 2020 09:18
Software or online services with a subscription or pay as use strategy are a gold mine if the market likes it or see value at this price point. then it could be a really profitable enterprise.
When we consider the share price at 0.29 and market cap(3m) is so low, the previous negative results that are due are priced into this price but this is a new company going forward with new services, new team and reduced overheads.
"Cash is currently £1.26m which, based on the current business plan, is expected to be sufficient to last beyond the end of the current financial year" and as we know the team are not drawing massively from the pot but instead taking shares.
All in all, I think this has a decent chance of moving higher and higher in the future providing the marketing team can create some awareness and some of the launch partners are retained.
So, for now, I think it continues to be a buy.