Member Info for SCC06

Admittedly they need to improve on communication which is severely lacking, although they did say this would improve through social media. I can see more contracts coming in soon though especially with sales team growing

At 3million mcap it’s a no brainier imo. I do believe are tech is more valuable in an ever changing world we are now in

It does amaze me sometimes but people have no patience and will have to learn the hard way, hopefully.

The sales team is coming together now, time for delivery of contracts

Tick up and .6 ask

Thanks. 0.59p for any quantity now.

Will the NHS tie up be released via an RNS ?. Seems some good news to me

That’s why ask dropped to 0.55p then filled. Was NT for larger amounts this morning. Happy to be involved

Started taking a position here today. Any buying pushing the sp up nicely. Been watching for a weeks but today felt the right time

Company requires a debt facility in place asap to appease the market and see the sp rise and hold. That's their current primary aim.

'The monthly operating cost base has been further reduced to £360K from a peak of over £850K. As a result, the Company is now operating at monthly break even'

Let's be honest this is all down to furlough but it does give the BOD time. They need to demonstrate their sales team can bring in some more tangible contracts. Then boom

Break even next February and require short term funding although covered until the end of the calendar year. It was insinuated that this would be done by a short term loan but this is what's scaring the market. The unknown. ARR has dropped from over 2 mill to ca1.9million this year and one offs reduced from 400k to 200k. I still want running costs reduced further but they have furloughed staff to reduce the costs which is why I believe its the end of the calendar year for funding. They do have 800k of debtors although also have a 450k owed to HMRC but terms of repayment already agreed. In my opinion furlough has helped delay the need for funding but I would like to see some new contracts with figures from this years new offerings and certain upgrades for existing customers. Core business cost stated at 360k (£4.3mill annual) so all investors would like to see ARR and one offs covering this. More cost cutting will help especially after the furlough finishes and show the market they are serious about making a profitable company not treading water collecting their pay. Short term loan till end of next year and increase in ARR will see this back up in the 20's. No dilution since IPO but confidence in their business model required, especially after a couple of large investors sold out hence the share price dropping catalysed by Covid. Mcap around 1.3million but with a few more contracts and short term funding sorted this should be nearer 8-10 million imho.

Couple more added as Mcap sitting around the million mark now

Main reason is mcap being 1.4million.

Must be mad but few more profits in here.

Come on mm's allow some buying please

Definitely agree. Especially with difficulty in buying.

40minutes of ringing/refreshing to buy 4k's worth. Let people buy please

Ask rises and someone buys. Theres buyers scooping these up currently

Wish I had the funds to take some more around 13p but hey ho

Some hefty buys in this morning so far.