Jump to content

GSW


blacksheep
 Share

Recommended Posts

RESIGNATION OF NON-EXECUTIVE DIRECTOR

While Ms PillayÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¾Ãƒâہ¡ÃƒÆ’‚¢s time with the Company was relatively brief, it was during a challenging

period

 

"Brief" - that's a good word for it. - Date of appointment 4th December 2017

 

Link to comment
Share on other sites

  • Replies 38
  • Created
  • Last Reply

Top Posters In This Topic

Seems to be a playbook for these situations; gloss over the inexplicably poor performance with a rumoured takeover - Justin Cameron with SRF, Frank Wilson with QIN, John McGrath rumoured to be making noise with MEA..

 

ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Â¦ÃƒƒÂ¢Ãƒ¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…âہ“A person familiar with the matterÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚ could possibly be Joel Macdonald, could it? :biggrin:

Link to comment
Share on other sites

They do seem to have had a bit of a rough time of late. Wonder if theyÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¾Ãƒâہ¡ÃƒÆ’‚¢re still shopping the QIN stake around at $2 a pop :rolleyes:

 

http://www.afr.com/technology/exafl-star-j...20170620-gwuvxe

 

"We're getting indications from a lot of different angles that larger companies are testing us out in different markets subtly, and trying to get information about us and also testing our employees out to see if management are open to an aquisition," he said.

 

"It's really positive, but at the same time it's a threat if an offer is made too early when we think it's a multibillion-dollar opportunity."

 

"We are experiencing parabolic growth and it's not just occurring in Australia, but outside of Australia," he told The Australian Financial Review.

 

If $160k is parabolic six months on, what weÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¾Ãƒâہ¡ÃƒÆ’‚¢re they looking at last June?

 

The rumour mill rolls on..

Link to comment
Share on other sites

What I find amusing is the media likes to spruik these "celebrity" investors, who lend their name to a stock, describing them a tycoons, young rich listers, billionaire investors, men with the midas touch, etc, right up to the time the veneer starts peeling off the company AFR wrote many of these feelgood stories about GSW and it's founders - now they have done an about face. Unfortunately there are many that bought the stories and are left wondering if their holdings are worth anything. The rich listers/tycoons probably have left the building and or traded on the way up. making enough profit to cover any losses.

 

 

 

 

Link to comment
Share on other sites

GSW gets a notable mention here ...

Would I lie to you? The 6 company mistruths to be wary of...

Dean Fergie

Cyan Investment Management

 

extract

3. The Total Potential Long-Term Contract Value

This is when a company considers a newly penned, long-term contract, multiplies all the revenues and adds them up over the contract length to come up with a large number that might occur if absolutely EVERYTHING goes right. Although that's probably unlikely.

 

Xtek: "Supplier of Australian Army Small Unmanned Aerial Systems Up to A$100m over 5-7 years" Oct 17

 

"GetSwift Partners with NA Williams for 1B pa Trans for 5yrs" ~ 12/9/17

 

6. The Optimistic Broker Price Target

Oddly enough, it is often the same broker that has helped the company raise funds in the market that has the 'strong buy' and the attractive price target for the stock. Don't underestimate the perceived conflicts of interest from having a house broker writing a glowing report whilst raising capital.

 

For example, Aesir CapitalÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¾Ãƒâہ¡ÃƒÆ’‚¢s $7.33 price target on GetSwift.

 

https://www.livewiremarkets.com/wires/would...s-to-be-wary-of?

Link to comment
Share on other sites

  • 2 weeks later...
fintech junior GetSwift per cent plunged over 80 per cent at the open to 98 cents as it emerges from its Jan 22 trading halt after reaching a record high of $4.60 late last year.

 

The company is facing allegations that it had made premature revenue forecasts related to a deal with Commonwealth Bank in 2017, and announced deals with The Fruit Box Group and Fantastic Furniture that did not progress past trial stages.

 

GetSwift last week said its in the process of appointing an US-based investment bank to handle potential proposals, as the company looks for a buyer.

crawling back to $1.30
Link to comment
Share on other sites

Weak response from GSW, IMHO. After a three week suspension and they're still assessing if the other (50%) needs further disclosure?

 

Wonder if the 10 million buy @ $0.001 is a joke, or serious?

 

Thorney, IFM and Regal Funds Management were major backers at last June's CR - will they jump ship or sit tight?

 

GLTH!!!

 

Almost 50% of GetSwift's Enterprise Client contracts have progressed through to early

stages of the revenue generation phase. These are primarily comprised of earlier Enterprise

Client contracts. Other than as previously disclosed, the majority of announced Enterprise

Client contracts continue to progress through various pre-revenue generation phases.

Depending on a clientÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¾Ãƒâہ¡ÃƒÆ’‚¢s existing technology ecosystem, testing and analysis is required

before achieving full integration of GetSwiftÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¾Ãƒâہ¡ÃƒÆ’‚¢s technology.

 

GetSwiftÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¾Ãƒâہ¡ÃƒÆ’‚¢s will continue to assess on a case by case basis whether any other contracts

moving to revenue generation phase (or their termination) require disclosure to market.

https://www.shortman.com.au/stock?q=gsw

Link to comment
Share on other sites

Chanticleer not afraid to shoot from the hip.

 

http://www.afr.com/brand/chanticleer/getsw...20180219-h0wbw6

 

On January 20 the Financial Review questioned the lack of disclosure by GetSwift in relation to two material contracts and raised doubts about claims the company made in relation to a contract with the Commonwealth Bank of Australia.

 

This earned the Financial Review plenty of abuse from day traders using the HotCopper online chat room and on Twitter. "Simon" on Twitter said: "The article is misleading and deceptive with intent to damage the reputation of an emerging company."

 

That sort of criticism continued on Monday on HotCopper as traders tried to blame someone for a 55 per cent share price decline.

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
 Share


×
×
  • Create New...