TSXV:MUST.H - Post by User
Comment by
DerekForealon Jan 20, 2017 6:42pm
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Post# 25736022
RE:I talked to Joey
RE:I talked to JoeyThanks! I just don't like the answers like " software updates cost millions" instead we should hear we have an effective young talented team able to modernize our systems for cheap. That type of answer is just justifying a bad return on investment . The company was founded in 2012 and the presentation that was removed from the internet btw...said "Expect a 7m revenue run-rate by December 2015".... thats not event close to the numbers in 2015 & 2016. And why no news releases? Nothing to say? I understand that insurers are slow movers... but a really good product usually sells by itself. If it really results in cost savings for insurance companies... they would jump on it and we would get acquired for 20M. The reality is in fact the company trying to push and push the product with sales rep and sales are not increasing. The burn rate is really high. Lets be honest here for a moment. 17M USD burnt since inception!!!!!!!!! Listen i really hope Jorey turns this thing around, but in my opinion something is not being done right here. I don't like how financials are presented. until the day i receive the news release saying that we just signed a 10M contract with a big insurance company i wont belive it. Lets quote the man " seeing is believing"... im a visual learner. Until then also we might get lucky if he decides to do a pp close to 0.10 and support the sp. only my opinion in here. Good luck to all