I think when Peter retired from fulltime to retired consultant it allowed Sean to make the odd move he would not have undertaken .Sort of freed him up a bit.Gidday all believers, stressed out or otherwise.
FACT: We have progressed in a number of areas within the company, it appears to me at least that we are still running a pretty tight ship,
and I'm only referring to staff management, not the leaky type ship !
The cost savings associated with the closing down of the Research Institute in Perth would involve between 10-15 employees, that's including the 3 guys formally on the SAB and then there's the building lease, which at the time Peter told me we got a great deal as the CBD in Perth had more
commercial vacancy signs than buildings, if that makes sense ?
Obviously the 2 new gentlemen joining the SAB will be on an agreed consultancy fee, but from my knowledge of prior members, it's not a
big sum annually.
Centralizing things at HQ in Laguna Hills around Tony Lewis and the hardware team does make sense, and keeping in mind that Peter is
only a zoom call away and is still active with his research from two locations I believe, despite being semi-retired (my opinion).
For the ones whom maybe wondering about Shaw and Partners Ltd, we do have a direct contact with this company, through our NED,
Geoff Carrick, who held the position of Director of Corporate Finance between 2016-2019, when Lou first used this financial conduit to
help us raise funds on at least 2/3 occasions from memory.
Correct me if I'm wrong here, but during the AGM Sean stated that we weren't looking at a Capital Raise, but the Board was always open
to potentially better opportunities if they presented themselves, my gut feeling is that this Capital Raise was already in the pipeline, as
Sean did state at the AGM he was off to met up with several Institutions in Sydney and Melbourne during his short visit to Australia, which
when I really think about it, these meetings had been discussed prior to his arrival, hence 2 months after the AGM we find ourselves in
this position, depending on your view point, for good or bad.
Have a positive day, it's great to be alive and breathing.....regards to all..........Tech
I am pleased part of the raise is for tech improvements. A good sign going forward. No doubt some as a result of customer Gen2 and TENNS feedback.
I get the impression BRN are not sweating on the SPP retail take up.
I am not the least bit nervous about my holding and still accumulating.
Plenty of engagements/NDA's.
Tata Elxsi said they will be driving AKIDA into Health and Industrial. Will is a firm future word. As all engagements this will take time.
My personal view is the Tata " will" is somewhat a risk mitigator describing an intention.
Then there is Mercedes which have declared their position.
From the AGM - Engagements are getting close to decision time. One big deal will see us profitable overnight.
I think we are getting closer to a deal or 2 or 3. However it may take more time from the deal
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