Ann: Trading Halt, page-49

Most of the big investors and/or informative posters have the details.

If you're at all wondering why they aren't posting, you'd have to think because there's nothing but trash being spouted on this thread at the moment.

Term sheet is out. On the back of the terrible Moelis raise, I am very happy with what is being proposed for this raise in terms of figures, timeframe and those getting involved. It's not open to retail; sophs or above.

The raise is going to sticky hands. Maybe we go below $0.15, not too fussed though.

I wasn't going to post it, but seing as @seaforth1 has...

@krusty900, $0.15 plus $0.25 (albeit at a later date) is $0.4, divide by 2, its $0.2. It definitely gives a good discount / benefit to those getting invovled now, but if you look at the figures, in the end, the Company is actually raising at roughly what Moelis stuffed up at. Happy days.

I expect to see $5m+ raised from this, and if they do that, hats off to all the brokers running/involved in it.

@writer I couldn't agree more. For those of you having a rant - while literally knowing nothing - you speak volumes.

Also the obvious sheer lack of knowledge of HTG is astounding. @seaforth1, no disrespect, maybe it was a typo, but no serious investor thought we were in Stage 3. We literally just completed Stage 1 'laying the groundwork' and have entered Stage 2 'get revenue' (which is supposed to run for 2022 CY). Stage 3 'massively increase revnue' commences after completion of Stage 2.

As a few posters have said, the Company (1) made a terrible choice with Moelis, (2) didn't communicate with investors, and (3) attempted to raise during December / January (a notorioulsy difficult time to raise). The Company also raised during a really tough market - they should have raised more earlier and secured a safety net. That's it. That's the totality of the Company's mistakes. If you boil it down to 1 thing, it is a lack of experience in the publicly listed company space. Annoying, but by no means the end of the world.

This raise will get done, we are then onto business as usual. The Company has a stated target of only 1,000 licenses by end of 2022. This is in the preso from last years which is on the Company's website https://harvest.technology/wp-content/uploads/2021/12/Investor-Presentation.pdf (current preso provides more details). 1,000 licenses is at least $10m AUD in ARR. I'd like to see them top this, as I am sure we all would. But very happy for them to under promise and over deliver.

That said, in one vertical, the Company is targeting in excess of 70,000 vessles (1 licence per vessel). Far out, if they even only get 5% of that, its 3,500 licenses or circa $35m ARR.

The doom and gloom, especially given the horrific market, is really a joke.

Finally, @krusty900 you're wrong if you don't think that doom and gloom (even on HotCopper) doesn't negatively affect the share price - that is exactly one of the reasons why people do it. A number of posters have seen HTG slide, and decided to talk it down further. Whether they genuinely believe that is anyone's guess; they may very well be talking it down to pick up shares cheaply. It takes conviction to back a stock, even when it's down. Also, you're paper losses pale in comparison to others, not just on this stock, so please, simmer down. The market is tough, and lots of people are seeing nothing but red.