Had an hour drive tonight and came across this podcast from late 2021 that I had saved.

I gave it a listen, and was absolute stunning the confidence and conviction he had in the business.

Not many kind words to describe it in hindsight, probably blatant pumping or lack of understanding of your own business.

Implore everyone to go listen to it, stunning.

At the time of the podcast business has AUD $4m Rev up 250% with a loss of AUD $1.5m

These are some notes and comments Ian said unprovoked about the 3DP, with a lot of conviction:

• On track to USD $50m ACV then USD $100m ACV
• When we hit those numbers (targets above) our share price will be "many multiples" of its current price
• Plans to be Nasdaq listed in 2-3 years time
• Recollected the share price peaks and troughs by month
• Talks of the software being "very sticky" "annuity type revenue "

This is the best part, a direct quote from the 58 minute mark......

“That annuity income stream that’s very sticky, that grows, that’s high margin, when the market better understand our story and looks at some of the broker research that been done, they’ll understand this (business) is gonna be very very high revenue, high profit. We think (we will be) one of these perfect stories in a few years time that’s growing revenue, growing earnings buts also paying dividends because we will be generating a significant amount of cash and short of hiring more people to continue to grow the business there won’t be a lot to spend it on. "

Fast forward to 2024, AUD $6.4m in revenue which is down 12%, with a $5.2m loss and ACV is a now non existent metric, all the so called "annuity type revenue" has disappeared along with customers and revenue appears to be tied to CapEx projects, the business has had to raise capital multiple times, they are now an 'AI' company, the "USD $20m of ACV" which peaked in Nov 2022 is no where to be seen and cleary wasn't contracted well, major investor Bevan Slattery has left the cap table, and they went to court with Here Europe B.V over contractual issues, but Q1 was better with receipts of $3m w $300k of OCF so.....

Sorry to any holders, or previous holders.

Someone tell me what to think