Originally Posted by
Survfer
It’s lipstick on a pig stuff, odds on the Lindsay trust bought into it and now see their mistake. Any investor with an ounce of financial acumen would run a mile after reading their accounts, its only for day traders chasing dead cat bounces.
Where’s the huge untapped market opportunity and profitability just over the horizon they’ve been talking since they listed close on a decade ago. If the market exists they’ve clearly failed, I put ‘job management software’ into Google, got to page 5 without finding them. The reality is they’ve burnt over $30m in investor capital, losses are 10 years times a falling underlying revenue, higher if you add back all the taxpayer subsidies.
If you want to invest long-term in a SaaS business have a look at IKE. It’s not for the risk adverse, they still haven’t reached their early revenue targets and remain unprofitable years after they claimed they’d reach breakeven, their original strategy of selling devices rather than services was a dead end street, it appears they’ve done a lot to fix it. But compared to this POS it has a real point of difference so you’re far less likely to flush your money down the toilet.
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