Four weeks ago, I explained why the recent success story of emerging Communications Platform as a Service ("CPaaS") provider Pareteum Corporation (TEUM) doesn't pass my smell test.
In particular, I scrutinized the value behind the company's self-introduced key performance metric "36-Month Contractual Revenue Backlog" after doing some quick back on the envelope calculations on two recent, material contract announcements. In short, judging by the contract descriptions provided by Pareteum, the upcoming customer service offerings are highly unlikely to attract the number of subscribers required to achieve the stated contract values.