It would want to provide a cash payment upfront. Without it,...

It would want to provide a cash payment upfront. Without it, going by the last quarterly report, this company only has 6 mths cash in the bank.

They also have very low sales given the impressive client base they claim (and I believe I read their largest contract was for $0.5 mill over 5 years).

Although the recent announcement shows promise do not expect millions of dollars of sales overnight. It won't happen. Given the cash position I definitely envisage this company will be doing a few more capital raisings in the future. Maybe good for a trade on announcements, but otherwise I don't see regular profits for a while.

Although this company has a real business it is very speculative and more like a venture capital company. High reward may be there - but remember the reward is only matched by the risk involved.

MJS