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01-05-2018, 08:54 AM
#591
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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25-06-2018, 08:42 AM
#592
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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25-09-2018, 09:19 PM
#593
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12-11-2018, 05:29 PM
#594
Member
I don't understand why reducing cash burn was a priority if they could have grown revenue by 30% instead. In fact if they could grow revenue at that rate over a year, regardless of cash burn, we'd be having a very different conversation right now and probably be in up to our eyeballs (and in my case eating a very big slice of humble pie.)
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28-02-2019, 09:56 AM
#595
Member
Worth a punt? 1H19 out. Growing revenues 24%. $2m in bank no debt. $12m market cap. Cash burn and profitability still on the weak side but this seems likely to go into positive territory once a full year of the new pricing has taken effect. Surely an obvious takeover target for some digital company once in positive profitability?
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28-02-2019, 03:30 PM
#596
Member
To be honest, I'm surprised they have survived so long. They are still lacking in innovation, are still loosing $150,000 a month. I don't know anyone that would want to buy it as it doesn't really offer anything that someone can't get with either a slightly lower price or a better product offering that all the other players already have.
GeoOp is still a get rich quick scheme and seeing as their ASX listing failed miserably I don't think there will be any huge traction soon.
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16-05-2019, 03:40 PM
#597
Member
Probably still worth a punt at 11 cents though.
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16-05-2019, 08:52 PM
#598
There are times Rupert when it pays to cut your losses and move on and put your money to better use elsewhere.
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19-06-2019, 06:38 PM
#599
Member
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27-08-2019, 03:16 PM
#600
Member
Not a lot of positives here on this thread. Am I missing something? Subscription revenue positive, moving in the right direction and not too shabby, sitting at $4.9 Mil for YE 2019. Burn about 100K per month but sounds like they are close to break-even. Current customers now spending $10 more per month then a year ago. Dont really know much about the product but would appear current customers base likes it and its growing by around 24%. This thing should have a market of at 30 Million as opposed to 6.5 million. I think that is why the current chairman is putting forth a 1.5 million conv note on very reasonable terms.
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