MSP Cash $1.8 millin FFT Cash $5.5 Million Combined $7.3 Million...

MSP Cash   $1.8 millin
FFT Cash $5.5 Million
Combined   $7.3 Million

Assumptions for current quarter
MSP Cash burn $800k
FFT Cash burn $500K

Balance Jan 1 $6 million

Merged Entity Starts with $6million Cash ....................how long until a cap raise.....

Depends on individual sales teams
FFT Sales people rolling out Aura AI.......thankfully FFT was cashflow positive last quarter.
BQT Sales picking up, slack last quarter
AVA Continuing to pick up new work but also driving the recurring revenue

All these salesforces need to be trained up and integrated to improve their potency because the potency in FFT and BQT appears lacking, no doubt as a result of listening to Bloomfield rah rah speeches. This is going to be a tricky endeavor. I' don't believe smart reader salesman can sell fences or gold bullion logistics.....I do believe a gold bullion logistics services salesman can sell smart readers and fences......and fence sales people seem actually pretty specialised.......so I reckon the merged entity can get rid of a few non performing salesman because there are plenty ........and continue the G4S poaching drive..........but a reduction of head count was dismissed at the AGM (more brilliant management)

The person responsible for sales will be Mark Horton https://www.linkedin.com/in/markahorton/

It also depends on the combined financials........

Below is the merge entity cash flows based on 4C's you will see that based on last years numbers a combined cash flow loss around $4.6million vs the $6 million forecasted balance.

This leaves capacity for blow outs as a result of expansion..........
I personally dont want any more R+d product development................its time to sell.

I really really really hate the price being paid for MSP.........but looking out for my investment in MSP I believe the merger is slightly better option than more MSP dilution via capital raise, remember the last one was 13% dilution ....so expect similar dilution if we need to repeat...these are even the implications  of a  delayed completion of a takeover. MSP churned rate of $973,000 last quarter...........it only has 1.8 as of last quarter which means come Dec 31 at that run rate its going to close to $1 million and calling for more funds.

As I explained before, my gut says FFT whose holding $5.5 million don't mind if this drags on because of their cosy relationship. They have the numbers for >50% control, they have little capacity to pay more. The shareholder numbers are there for control as I previously explained.

As promised............merged entity numbers.........

After analysis I maybe close to changing the way I vote ..........