Yes, I agree @edgck,I expect a future liquidity event must...

Yes, I agree @edgck,

I expect a future liquidity event must happen and I would be concerned if it does not.

Dilution will occur and if you are not happy with that, I suggest you sell out.

Let me give you some scenarios;

1) Convertible note conversion. Many investment funds have set investment criteria minimums which must be met before they invest in a company. Market cap size, turnover, cash flow positive etc, etc. It could play out because of these criteria that Wrkr may require to have an MA target to satisfy their minimum investment criteria.
2) Because of investment fund criteria, the most appropriate course of action is to allow the CNH's to convert removing the overhang. Less risk, better terms than being offered by potential fund investors.
3) New High Net Worth investors take out the CNH's and provide a staged funding investment over say a 6-9 month period to match the company's expected growth phase.
4) In the later stages of this calendar year lets say REST, HOST & AUSSIE with the other smaller funds under the LINK umbrella all agree to come on board to use Wrkr's platform. There is a cost to bringing these clients on, and Wrkr does not have the working capital (let alone human capital) to make this happen. I expect, should AUSSIE Super announce they will come on board, investors will come running out of the wood work.

Up until now, Wrkr's revenue has been services driven, not SaaS driven (ARR) contracts. The next iteration of Wrkr's business model (which is company making), is the acceptance by say 1 or 2 of the larger funds under the LINK umbrella to use Wrkr's platform in its totality. That is company making, but if ARR from one contract is say $6M p.a. you are sadly mistaken if you don't think it would not cost say $1M-$2M in the first instance to set it up. Where are these funds going to come from ensuring the future years of ARR streams?

There has to be future liquidity event or two, otherwise I have sadly got my investment thesis of this company wrong. So, I for one welcome a dilution of my share holding if these industry super funds contracts playout as I expect.

Ian