I will be skeptical of any news that is announced given the past, specifically
19th of April, 2017
“Over the coming quarter, revenue under the CommSys agreement is expected to ramp up to the projected recurring run-rate of A$300,000 per annum, with total annual recurring revenues for Corona sales contract now projected in excess of A$500,000.”
This implies, or more than implies, it effectively states $75,000 per quarter from CommSys and $125,000 per quarter overall from Corona sales.
So why then, does the quarter from April-June of 2017 show only $60,000 revenue?
That doesn't even meet the CommSys revenue amount.
Why does the quarter from July-September 2017 show only $59,000 revenue?
That's $1000 less than the previous quarter and again doesn't meet the promised revenue.
Why does the quarter from October-December 2017 show only $65,000 revenue?
Why does the half-yearly from June-December 2017 show only $149,317 in total revenue? This is $100,000 less than the stated $250,000 half-yearly ($500,000 annually). And the $500,000 wasn't even a maximum, revenue was said to be in excess of $500,000!
Note moderators: I have removed any defamatory material. I'm presenting facts.
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