Ann: Company Growth Affirms Proposed Name Change, page-22

Yes, you may be right re expanding workforce and contracts. Lets hope so.

However, it is a significant increase from two weeks ago. How could they on-board so many staff so quickly?

Also remember that employees costs where $1,326,000 in June and estimated to be $1,560,000 in September.

Now Jeff has outlined an additional $400k in employee and supplier expenses on top of what was recently outlined.

Remember both DWX & C10 had in excess of 20 employees each with a combined quarterly cost of $1.3m as of June. Depending on the timing of the arrival of the new Melbourne and Brisbane staff, perhaps their additional costs are better reflected in the September cost estimate.

The following article talks current head count and future plans (as of June 2019).

https://www.arnnet.com.au/article/663030/cloudten-launches-brisbane-melbourne-offices/

Today we are looking at a potential $400k pq increase on the estimated $1,560,000.

That's like a 20-25% increase in head count (assuming all the costs are related to employees).

Perhaps there is additional training, accreditation and clearance costs involved. Also recruitment fees and superannuation etc.

Nonetheless its a significant increase.

I like the unfolding story and hopefully it remains on track as there is a lot to like. No issue there.

However, if Jeff wants the numbers to do the talking then he has to expect some dialogue, if he leaves things open to speculation.

The previous guidance mentioned that the two tranches of options weren't required to be exercised, due to expecting to have a cash balance of $1.5m come September. Jeff was very firm on that.

Now Jeff's left the door open to speculation on whether TSN may need a cash injection (maybe via Tranche 2), whereas previously he had gone along way to closing it.

Perhaps if Jeff has further acquisitions in mind, a cash injection will be required anyway, rendering the option discussions as somewhat redundant.

Lazarus - as far as I'm concerned you summed it up very well. We're on the cusp of a very decent transition, yet there's some ambiguity in places, that may not need to exist.

On the corporate front.

Hopefully, in due course we'll get a better rationale on the name Vortiv. I'm sure Jeff has something in mind and it should unfold prior to the AGM.

Perhaps Vortiv will be the centre point or platform of the four products under R&D.

The T20 was interesting. I think 17 or 18 of the prior T20 either maintained or increased their position from last year. So despite frustrations with the SP, it appears many are holding sway.

I'm assuming a new Director is still to be appointed.

Further acquisition(s ) still on the cards. TSI ...

It appears like there's a lot to look forward too, including knocking down that annoying wall at .01.

Here's hoping.