Ann: Quarterly Activities Report and Appendix 4C - Jun-2024 Qtr, page-50

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rlj

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30/07/24

10:14

Post #: 74976410
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Originally posted by Twodogs196: ↑

no .. fully aware of the elephant..

CR with out very strong sales increases happening now for me is a certainty .. what I'm pumped about is we finally have strong management and clear and driven direction in the Co for these sales to commence and accelerate as we all want and need.. the plan would be to limit any CR as much as possible and with the best possible result for SH... time/size/dilution etc .. we all have to wait and see what and how that unfolds

we had a CEO for nearly a year and sales were not his focus .. how far are we behind from that .. what could have been achieved ?? and the most scary question to ask is where would we be if they were still "running" it..?? been reported multiple times that's what he said and is now painfully clear to all thats a major reason why there have not been any sales of note and the SP as a result is fully in the shitter.. thats now all history and today we move forward..

quick points re the cash ..

at bank $24.6m

cash burn ( after taking out last one off of severance pays $600k ) $4.1m

makes 6 qtrs ..

unknown factor to impact this is how quick sales and top line revenue can increase.. I'm not expecting it to increase to G'tee no CR required.. we all have to wait and see what happens from the new operating model and go from there.. but with all the work now being done and continuing.. including the very very important work re medical education ... top line will be increasing.. just this qtr TCV signed increased by 54% from Q3 and thats not with a large sales number... get some larger numbers thru combined with contracts renewing on new rates at 40% increase and this plus ARR will grow accordingly ... yes we need more but that number is achieved before results really have started to ramp up and come thru from work done.. the unknowns are just how fast and large this can increase as we go ..

Sept 4c anticipated further increases all round ( not cash burn lol ) and then more in Dec 4C .. Dec Qtr is the first one that will give all new Co operations/activity over 6 months of running full steam to see what they can deliver .. for that we have to stay tuned..

and that is what I'm pumped about.. the opportunity here is still immense.. quality management and work needed to achieve it..

for me thats what we now have ..

cheers all..

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I make it $6m spent in the quarter, less the $600k "one-offs"

I'll say 4 quarters, allowing for other "one-offs", which makes a CR a bit more urgent.

I may be a little more conservative that you, but I've learned that "Cash is King", so I'd rather raise now and have it in the bank at 6cents than take the risk on sales improving and get bitten if that doesn't work out.

IPD Price at posting: 6.4¢ Sentiment: Hold Disclosure: Held
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Ann: Quarterly Activities Report and Appendix 4C - Jun-2024 Qtr, page-50

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