Half hour late starting but was worth the wait.
Seemed to be several people in the room with Amos asking some very pertinent questions.
He said Thorney were very supportive and one of their major shareholders seems to be going to inject more capital into the company - I assume at the 5.1 cent placement price.
DevoluIVA to be cashflow positive. They were whacked by covid but expecting revenues to now double for 2023 and then double again.
More similar type acquisitions in the pipeline.
Way2Vat burning $220k monthly.
$2.1 mil in the bank.
Revenues to be over $1 mil this quarter.
They have over $2 mil in receivables not including the $770k just banked due last quarter.
Takes 6 to 9 months to collect the VAT refund and at that point client is invoiced by W2V and then another 30 to 60 days to collect. So its a long cycle.
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