A Few Dodgy Customers Don’t Necessarily Make Pareteum A Fraud

As management implicitly admits, the company has a few ‘dodgy’ customers, start-ups that might not produce revenues, hence not all of its $1B backlog will convert into revenues.
But for a short thesis to pan out, most of its backlog has to be dud, just a few dodgy customers is no proof of that.
Given the booming industry, rapid revenue and customer growth, happy existing customers willing to buy more, critics want you to believe the company can only attract dodgy new customers.
The share valuation already reflects that investors assume serious backlog problems, discounting much of the company’s spectacular revenue growth.
If the company would not publish backlog figures, the whole problem wouldn’t even exist and the shares would likely trade much higher.

shareholdersunite.com