Imo there will be no CR of any sort until CBA is signed to a...

Imo there will be no CR of any sort until CBA is signed to a binding deal.

If the forecast is accurate, will still have over $1m in the bank. If the revenue prediction by PC comes to fruition this time, it seems even more unlikely.

Placement for an acquisition was the likely scenario, however, the wording seems softer from the current update.

'To date, 9 companies have been reviewed and 1 is in advanced stages of discussion" - Feb
to
"Whilst there are some ongoing discussions with potential acquisitions, these remain confidential and non-binding at this stage" - Oct.

I don't think it makes much sense to be training a whole bunch of staff from scratch before CBA is signed and whilst the current level of staff is being upskilled.

But once the acquisition does occur, IAM will have business coming in from CBA and be able to pursue many of the other practices. My mouth waters thinking about the future in the case of this deal getting over the line.