While some positive news has come out of the 2 announcements, both read as mostly aspirational.
This is positive:
Contract wins subsequent to the period end include: a retainer with new client Monash Business School ($50k), renewal of existing retainers with Neuroscience Trials Australia ($50k) and the Australian Regenerative Medicine Institute ($70k). 88% retaining clients.
Why they kept the Colorado office open of Shareroot? as UGC revenue totaled $57,862 for 2019
If they can manage to start getting clients to pay for their tech how much is shared with Huumun?
The company has a significant number of active client proposals and discussions associated with the new services in the market and anticipates that the coming half year will see these start to convert to contracts and therefore increase overall company revenue validating the strategy and services.
They currently have 1 active pitch? so $50-70k split?
The auditor does predict that they can continue as an entity for at least the next 12 months without raising further capital - however in the response to the 4C query they did not convincingly say that one would not occur.
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