@DVV1974 I wouldn't put too much weight into what that Winchester bozo has to say...

@Wini Keep up the good work m8 :-)

Couldn't agree more with this trend....(from above)

"That mentality is surprising to me as I said it's been 2 years into this paradigm change

of capital markets and growth outlooks that businesses still have that thinking"

So frustrating.

to my mind this speaks to the dynamics between the chair, the cfo and ceo. you need a strong cfo to drive the concern for running the rev/expense ratio, the chair is important because the ceo is usually the business builder so will err to growth. so the chair is the deciding factor. if you follow me. imo the chair of ALC is a PR person, maybe not be right in this environment. .

It does feel like a bit of an injection of reality might help. I watched that interview with @Wini I think his comments about a business doing $40m in revenue and still not turning a profit hit the nail on the head. Especially when the business has 85% GPM. They definitely shouldn't be raising money for WC.

@DVV1974 maybe listen to the preso, a replay is on the ALC website (apparently). in short, they could see 2Q sales being pushed out, so lack of rev, and raised to allay fears of a liquidity crisis developing, which could be even worse for the SP, is my read

Seek and ye shall find! Here is the preso and there is a lot to unpack (too much for this reply). I will have to take Kate for her word for most of it because I have only been following ALC since 2021. Although I find some of the comments on SM taking a pessimistic stance (good to keep a balance I reckon). Some of the Q&A session was also interesting.

CONTINUING TO HOLD IRL & SM

https://www.alcidion.com/wp-content/uploads/2023/11/Investor-Webcast-Recording-–-Q1-FY24.mp4

Q&A

Listening to the recording I kept hearing ‘it’s what we expected’ over and over again. For example…

“Cash receipts from customers in Q1 was $6.4M. It's broadly consistent with what we forecast, we expected a negative quarter, and we had visibility of that because we can see the large outflows that we anticipated in having particularly related to VAT in the UK off the back of strong billings in W4”.

If you expected it why the last minute raise? Especially as those VAT/GST payments would have been known.

Don’t get me wrong the business “sounds” like it remains on track but, I couldn’t get over what came across as arrogance. If you knew then it should have been communicated better to shareholders.

A CR should have been done earlier and a release explaining the importance should have been done explaining why it was needed. In addition the raise should have been done at a 5% discount to highlight that it’s not an issue! It should not have been done at a 20-25% discount suggesting it was a desperate rush for cash.

Hold: But a sour taste in my throat.