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I think the important point to me about adjusting for the convertible note isn’t that it turned a loss into a profit but that it provides a more useful comparison to past and future years.
I also don’t think that issuing the convertible note was a great idea, but I accept that the company might not even exist today if it hadn’t done so.
Otherwise pretty much in line with what the company had signalled but always good to see expectations confirmed.
Good interest today after the todays ann, can it be kept up ?
Good interest today after the todays ann, can it be kept up ?
After absorbing the todays results I went back and read the early 2015 + company anns which I find most enlightening to get a handle of where we are headed, now that the building blocks are in place I think we are in for a very exciting and interesting future, this is reflected in todays current .60 share price an all time consolidated share price high, I can see this share with $1.00 in it sometime in the future.
Another great kiwi tech company...love it..just like pushpay..xero....
I think their strength now is in cash of $12m on hand, cashflow positive and that the risk of losing their biggest customer is now safely gone. The future is how they can utilise cash to accelerate growth.
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