3 Sixty Risk Solutions Ltd SAYFF

Will this dog ever bark?

[QcTrader]

Where will the excitement come from for their business model?

Does anyone see any potential hype with this one?

They rode the mj hype train with their international and national security roll-out.... but what are investors looking for in 2020? 

Are we waiting for them to turn a profit? 

No position here, certainly appealing as a side play.... but not sure about the share structure or the revenue potential here vs other security cos. 

 

QcTrader

[TomasG]

yes we are waiting for them to turn a profit. Q3 financials were much improved but there is work to be done on that front. also waiting for insider buying to commence. too many free riders looking for a handout. truly shameful on the part of management and the board. lot of potential here but need to see some leadership in 2020.

[QcTrader]

Thanks for the reply,  just popped the big lines, feels like a potential raise will be needed before they turn a profit...  any credit-line or idea for where that capital will come from?    

[TomasG]

no need for a raise. 1) they were already breakeven EBITDA as of Q3. 2) management have slashed salaries drastically and the 2nd biggest (David Hyde $225,000 annually) was removed entirely. 3) plenty of cash on hand and receivables are good. they will be fine. leadership is in question however - execs refuse to step in and purchase shares at this level. shareholders screaming for management to do

[trawel87]

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