Ann: FY23 Results Presentation, page-35

Christ, what are they going to raise? Buttons? Thoughts and prayers?

They have probably $6 million cash at the moment

They made a net operating loss of $9m last year
.
Revenue is dramatically down and trending down
.
Most importantly, subscriptions are down nearly 50%

GP is dramatically down.

They are spending less on sales and marketing

Their biggest customer is up for renewal next year.

There is NO POSSIBLE WAY they can offset the cost churn with new customers in the time they run out of cash.

The market CAP is $10M.

What would they need to get to remain a long-term going concern so that any customer won't leave? $5m? $10m? How do you do that exactly? What is the offering price to whom? You would probably have to dilute the shares over 100%

What would you do if you were the CIO at Unilever and looked this ann and had your intranet on this platform knowing your renewal is up next year? Honestly?

It's literally impossible to raise enough cash to turn this around. This will have to be sold on the cheap for their customer's sake or it will run out of cash and ruin any future career of the founders