Right on cue...
MICo is self-sufficient in that it can pay for it's 6+ employees [see LinkedIn]. It does not mean it is profitable and contributing anything to the bottom line of Jemsoft and therefore XPE.
Do some back of the envelope calcs on the employment cost of 6+ staff, overheads etc? Any change out of $500k? It may have less expenses when the brains of the company leaves her executive position.
I love this line though: "potentially access further research funding of between $1 - $2 million per annum, subject to submission and tender"
What absolute waffle. How is this different to any business on Earth? That is, any business has potential to earn more revenue... if they win additional business.
Maybe this is better: "with that acquisition bringing additional technical expertise and resources of Jemsoft in house"
How is this different to any business on Earth? That is, any business which hires 1 person may add technical expertise and definitely increases resources.
Nice try though. What else you got?
Ann: Update on Media Intelligence Co. Pty Ltd, page-11
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