I don't think this will do much for the SP either (hope I'm wrong!). The previous gains and falls have been to do with day traders playing around rather than the company making progress announcements.
While it looks like this app was sold for a peppercorn this time I would have loved actual numbers so we can get an indication from management about what they are planning to sell it for. Very hard to estimate future revenues without knowing the sell price let alone estimating demand.
Epat is currently at the 'Try now and if you're not completely satisfied with the product return it for a full refund (postage and handling not included)' stage. It's going to take a while for take up while street cred grows.
The talk of a CR worries me, I've missed something somewhere, why do we need one? There is $5.2m in the bank and outflows of $800k predicted which is over eighteen months current outflows. I'd hope Epat was generating serious income by this time next year, if not almost profitable?
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