AHI (ASX) Ann: AHI Quarterly Commentary and Appendix 4C

Allow me to translate the AHI bullshit:

They said:

Operational revenue was projected to commence in the final two quarters of 2024. However, the continuing suspension from trading on the ASX has impeded our client deployments, resulting in delayed launches and the deferring of revenue forecasts. In summary, this nearly nine-month suspension from trading has resulted in a commercialisation delay of approximately the same term. AHI continues to work with the ASX to ensure ongoing compliance with all applicable listing rules and achieve reinstatement to trading. Positively, AHI has retained all of its Master Service Agreements (MSA’s) in force with existing partners prior to reinstatement. The integration and launch of new solutions have been paused since March 2024. However, with the recent commencement of AHI’s recapitalization, clients are reengaging operational teams for the launch of AHIproducts which will reactive the previous plans paused. AHI expects to see the commercialisation of at least 4 partners in the final calendar quarter of 2024.

They meant:

Our product does not work and hence why none of our LOI, MOUs, Partnership Agreements have resulted in commercialisation or tangible revenue generation. Our ongoing suspension is a convenient excuse.

They said:

AHI continue to build momentum in pipeline growth with new partners with new deployments, the theme of artificial intelligence being so prevalent in all industries is producing noticeable tail winds to discussions with company leaders in their adoption of AHI’s AI-based digital health solutions. The recent announcements of billion dollar investments each by Google into Thailand, Singapore Government into Digital Health and many others, is evidence that the curiosity is being converted into commitments.

For AHI, the rapid rise of telehealth sophistication taking the industry tables takes from merely phone based consultations to efficient and intelligent records and workflows is presenting new partners throughout South East Asia, Australasia, Middle East and the US. These new green shoot opportunities in addition to the existing partner portfolio entering into commercialisation bodes extremely strongly for AHI’s 2025.

(emphasis mine)They meant:

Despite us telling you that commercialisation was impeded a mere paragraph ago due our ongoing suspension, we have potential partners falling over themselves to work with us but for that darn suspension, trust us...

They said:

Partner Updates
Blah blah blah

They meant:
Lets hope they don't ask any questions about Tinjoy, Bearn, McGregor...

Scott Montgomery said:

“These last few months have been dense in continuing to prepare for commercial launches in and amongst the annual audit, ASX reinstatement and ongoing financing activities. Despite these headwinds, the team have supported multiple key projects on the cusp of commercialization, and the next 120 days are filled with promise. We’re approaching a pivotal moment to becoming a fast-growing company, and I’m confident that AHI’s solutions are poised to make a real, lasting difference in healthcare which in turn will rebuild value for our loyal shareholders.”

He meant:

We've promised commercialisation and conversion for years, hopefully these suckers still buy the fact that we're just three months away from commercialising something, hopefully, surely by now, right? Right Vlado? Right Kevin? Right?
About the only truthful sentence in that statement is the recognition that they've destroyed SH capital.