RE: $3.6m receivable in H1 โ252 Apr 2025 16:21
@jgjam - I was invested heavily before (well by my own standards anyways) as I had huge confidence Kelly would deliver based on his extensive network within UK tech in particular. I genuinely thought this would have zoomed but the deals never came and the slippage was concerning and there has been nothing to boost my confidence that the product has a huge differentiating capability. If it did then the sales would have been coming through much ore regularly and not having to be weighted until Q4 each year. Tech offerings that genuinely solves a pain point for enterprise customers, especially if it has an AI component to it at the moment, are enjoying consistent and sometimes record levels of growth quarter on quarter.
I don't think anyone can doubt SK's network which can only lead me to the conclusion that it is the product offering that is the issue rather than the intro meetings he is attending or setting up for others.
I sold out when this hit 80 (which annoyed Spratt for some reason) and was fully prepared to buy back in if I saw some glimmers of hope but they have been too few and far between for my liking.
I've kept some in and am still prepared to add more if I need to but the hockey-stick forecasting, after what happened last year, is making me less inclined to right now.