Ann: IME Successfully Raises $2.5m to Support Growth, page-4

  1. 458 Posts.
    lightbulb Created with Sketch. 108
    got to say it was a bit strange to see the capital raising to prepare for a contract that does not have certainty of completing. Why not just wait until you actually sign the deal? Investors will give you cash if you have a good deal..

    "Contract is expected to have a monthly recurring revenue (MRR) of circa $600,000 and is expected to be profitable and cashflow positive over the term of the contract"

    lets just hope they actually pay! well i guess they must given we already provide them software...
 
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