WHK Fundamentals

Spent some time revisiting my whitehawk strategy today and looking at the company and opportunities there are plenty of positives for the business and holders. Especially at these prices even with the recent run.

Apart from what will likely be more than $2 mil coming in for 2020 the really exciting aspect is the pipeline which has been flagged:
- CMMC related Gov request for proposals with 2 opportunities to be announced in Q3 ( approx the next 6 weeks).
- Proof of value offering to US and AU Gov healthcare and energy entities. This ties in pretty well with the Aus Gov’s cybersecurity spending plans announced recently.
- Tailoring Sontiq/WhiteHawk business risk suite options to financial institutions, internet service providers and manager service providers. With security an area of increasing necessity of these businesses.
- Recent teaming on Texas State and Local Cybersecurity proposal for 5 year contract across 1,500 entities. Would expect similar values to those gov contracts awarded previously & exposure to increased pipeline of gov opportunities.
- Proof of value of the existing cyber risk program as an enabler for DIB Prime companies to achieve CMMC level 5 in 2020 and beyond.

All while the product line has advanced and been increasingly automated. Which would have naturally contributed to the reduced cash burn achieved and the company has some decent cash in the bank.

All that aside, at the end of last year it was reported that there were only 1,697 holders. With only 227 holding more than 100,000 units. Take the top 20 out assuming they are in it for multiples from here… 207 holders making up 75% of total shares (40% held by the top 20). From memory the company floated at 20c and have only grown stronger since. If the execution of the strategy by the WHK team continues as it has to date these should be bloody hard to get and we can expect some pretty exciting price action going forward into positives well past 20c.

DYOR and enjoy the ride