The buying in of institutional investors has started already (Fidelity) and rather than the $100k ARR mark, I would like to think that CF+ will be the trigger for more funds to join. City, Credit Suisse and others on the call today
As much as I don't like that loan to directors to assist them in legal matters, the good news is that it is a loan and not an expense.
I was on the call and have now listened twice again to that section where Karl (somewhat) responds to the legal cost questions.
He said that there is no litigation and no liability against LVT at this point in time. What that could and should mean is that those directors should be able to pay back loan in this current quarter. This in turn will give the CF a nice little $546K boost (plus interest which will not be much but every little helps). If they can get one, if not both, of those two very large contracts that they have in the pipeline across the line, the next 4q report should be a nice read both in terms of ARR growth and CF+ (further increase in cash receipts and no further one-off cost and instead perhaps a little gov grant) despite all the legal stuff that has been going on.
