A few things9 May 2018 10:18
1/. They are making money, no need to raise. The latest $4.5million contract and the exponential growth in SL numbers puts all of that nonsense to bed.
2/. There were attempts to do US business, some bridge thing years ago, it is on the 'back burner'. WSG do v little business with USA.
3/. The contract is fully agreed. All details resolved, just awaiting sign off.
4/. This ME deal is just 'phase 1'. There are multiple phases, large scale ancillary projects, all the country in question international airports to come. Plus a border contract in the area.
5/. We clearly have MOUs with Zambia, Nigeria and Namibia. The links with AKSA are very clear.
6/. AKSA has offices in Oman as well
7/. The recent $4.5million contract came out of nowhere. One of many large scale deals the company is working on in parallel.
8/. 10/11 MOUs/LOI were live and running before they decided to stop talking about them.
9/. We will all make a lot of money if/when they sign one major recurring revenue contract. They have 'promised' to sign two this year.
10/. Company is on a sound commercial footing at the moment. Cash in bank, growing SL revenues(most of which goes to bottom line) and that juicy high margin tech contract(in the past the large scale projects pulled in a 40% margin)
IMHO we are sitting pretty and very very undervalued if just one significant recurring revenue contract gets signed.