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Noticeable ahead of where I thought they'd be on cash which was nice to read.

Hopefully, a few the HTWs that subscribed will also start to buy in the market - or will be able to provide some kind of support in building user numbers. Bought 200k more this morning.

All eyes looking forward now.

It will be interesting to read the Allenby forecasts when they are next published. Assuming they feel confident enough to put some figures out which they didn't last time.

My own thoughts are that 2024 will be revenues of £2.5m, EBITDA loss of £3.5m, with 2025 revenues £13m, EBITDA profit around £3m. But this assumes they are still capitalising quite a lot of R&D spend. Cash at end of 2023, 4 and 5 of £5.5m, £0.5m and £2m respectively. End of year (paying) subscriber numbers 2024: 10,000; 2025: 100,000.

What’s holding this up?

I was thinking that 10,000+ paying users would be a good result for the end of '24.

Gross margin should be a lot better than 50% but marketing costs will also be high. Not sure any reduction in dev costs would be a good step given that we still at the start of the journey. If anything investment should increase once market demand is more proven.

Get to the end of this year with lots of good momentum and then raise a chunk of cash at a good SP to sell/market the hell out of it in '25.

Call me a party pooper, but unless you are after the shareholder perks, this one is a walking short.

I am looking forward to the company's next update.

I'm a bit surprised that this company is not getting a bit more attention from funds that invest in tech start ups. Guess they prefer to invest in illiquid companies that have high, founder-led valuations!

At this price it looks very favourable in comparison to private tech companies. Plus already listed.

GPL is a focussed company with own patents/IP and sales pipeline. Got to be worth £3-5m even at these low revenues - that's around 2p per share.

Spread over 14 offices in about 8 time zones in 5 continents they would appear to be an overly complex business.

And without being cash generating I would say they were fighting on too many speculative fronts.

It is no wonder that they have struggled to keep up with reporting since listing. Further pains ahead me thinks until they can simplify and focus.

Restructuring/refinancing still to come.

I wonder how their plans to raise $20M series A for the 3000 tons manufacturing plant in Portugal are progressing.

The recent share issue has ensured that the company has a clean (no debt or overdue amounts owed to the board).

Position now looks like a good base on which to build and if GPL can progress some of its R&D relationships during 2024 into significant long term supply contracts the share price will revert to a more respectable level.

Management seem to be the epitome of the statement 'power is nothing without control'. They seem extremely innovative and entrepreneurial but without the ability or class to manage it properly over a long period. I am a small investor here and I would like to have the confidence to add more as there are some aspects of their business that I like - but they scare me a bit.

Unpredictable: as likely to go to the wall from their exploits as much as be the next big thing.

OK, well that was more complicated than I think it needed to be. Still not sure who the 'new' cornerstone investor is or whether there actually was one.

Expecting to hear news of a refinancing deal and/or equity raise before the end of the quarter. Also an update on their cash burn. For me this is a company of extremes eg. Raising equity in a sub at $100m+ valuation from blue chips but only valued at a fraction of that overall; complex international footprint but unable to do the basics right (delayed audit). Plenty of risk here still from where I sit.

Who is the new cornerstone investor and will they become a seller at the first chance? I don't think they're locked in.

Can't see a TR-1, although they must own c16% now.

Still here Fallingknife1. I intend to hold for a while, and hopefully add later in the year. No rush.

I was a bit perplexed to see the CEO pop up as non-exec at Haydale (where I am also a s'holder). But hopefully this will be beneficial to both companies eventually.

Being on the exchange in the US is only worthwhile if you are also going to commit to invest in North American investor relations - which will cost $100-$200k each year to do it properly. Better to save the money for marketing of new product. Share price will look after itself once user numbers click upwards.

Presumably, the incoming cornerstone investor has had an update on the pipeline. Hopefully PIs will get the benefit of this update shortly too?

Nothing to see here. There has been less than a handful of trades on the OTCQX market in the last quarter so cancellation before the 2024 fees are due on 1 Jan is no big deal.

No RNS so no buy back

Adios. At this point, I am thankful they are not taking on any large new customers with new demands on the b2b side. Focus....

I think we can safely assume that the technology will work well enough once it is released. The bigger questions are things like:

- How readily will users ditch their existing systems and move across, especially if they've invested time learning to use the old software.

- How might competitors react

- How much will it cost in marketing to get the user numbers up and how quickly will they reach 1k, 10k, 50k, 100k

Hopefully, these latter questions have been fully explored over the last year too.