AHI 0.00% 9.2¢ advanced health intelligence ltd

"Does AHI consider that the financial condition of AHI is...

  1. 78 Posts.
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    "Does AHI consider that the financial condition of AHI is sufficient to warrant
    continued listing on ASX as required under Listing Rule 12.2? In answering this
    question, please also explain the basis for this conclusion."

    "Yes, AHI considers that it has sufficient financial resources to warrant the continued quotation of its securities on the ASX as required by ASX Listing Rule 12.2.
    As at the date of this letter, AHI has $7.684 million cash at bank. As set out in the Quarterly Activities Report, AHI estimates that it has 9.58 quarters of funding available. On this basis, AHI considers that its currently available funds are more than sufficient to support the Company and its operations for beyond the next 18 months.
    AHI is confident that a number of its partners will commence active engagement with their users over the course of 2022, resulting in revenue,
    which cannot be quantified at this point in time."

    "Which CANNOT be quantified at this point in time",
    what a cop out of a response. Any legit business would have the proposed revenues within their cash flow forecasts (if attainment of the revenue is likely and legit), and any legit business would be willing to provide conservative estimates to the ASX on the proposed revenue, AHI is clearly avoiding doing so; the fact is it will prove to be self incriminating when once again the revenue does not eventuate. AHI is always able to come up with and spruik revenue forecasts to the market when they need to raise revenue or increase the SP, though. GLTAH
 
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