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#Business Model/Strategy
stale
Added 4 years ago

I've used lumosity free version or a few months. Since i stopped playing, I now forget even more stuff :-) 

How does this company work?

I have trouble empathising will some peoples mental health issues. I understand that we now know that in some cases (thats still alot of people) it's a horrible disease. In many I think it's just a lack of resilience and woe is me mentality brought about by the everyone gets a ribbon theory and the Facebook everyone else has a great and interesting life theory.

I'll be looking into this company as I think mental health is going to be here for the long haul and companies will have to, at least, be seen to be doing something about it. 

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#Bull Case
stale
Added 3 years ago

Total Brain has announced it has entered into a non-binding Heads of Agreement with health and wellness group Hamptons Life to provide an exclusive, perpetual global licence for the development and commercialisation of a direct-to-consumer (D2C) version of the Total Brain platform.

The deal will see a $6m upfront fee paid to Total Brain, along with an annual maintenance fee of $0.35m and an option for Total Brain to acquire 50% ownership in the D2C business within 5 years.

The previous valuation has been maintained and TTB is currently trading at a significant discount to its valuation.

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#Bull Case
stale
Added 3 years ago

Total Brain has experienced contract-signing delays due to Covid and the US elections and whilst the IBM contract was due to be signed at the end of 2020 it did not happen.

This key contract which has significant revenue potential for Total Brain is between IBM as sole supplier, and the US Dept. of Veterans Affairs for the provision of Total Brain's services. This was scheduled for award on 21 July 2021 as below in italics.

As this date has now passed an announcement of the commencement of services is anticipated. 

In the meantime Total Brain are raising $6.5M at 25 cents with a 1 for 7 rights issue and free 35 cent 12 month option and additionally I would expect the Hamptons agreement to be forthcoming at some point.

 

The Department of Veterans Affairs (VA), Office of Procurement, Acquisition, and Logistics (OPAL), Technology Acquisition Center (TAC), located at 23 Christopher Way, Eatontown, New Jersey intends to enter into a sole source contract for Getting Results in Transition (GRIT) Mobile Application for the Office of Business Transformation. The TAC intends to award a sole source firm-fixed price contract with International Business Machines Corporation (IBM) located in 11107 Sunset Hills Rd Ste 500 Reston, VA, 20190-5375. The Statutory Authority being utilized is Federal Acquisition Regulation (FAR) Subpart 6.302-1, Only One Responsible Source and No Other Supplies or Services Will Satisfy Agency Requirements. The period of performance shall be 12 months from the date of the award, plus one 12-month option periods. The North American Industrial Classification (NAICS) for this effort is 511210. The anticipated award date is July 20, 2021. This notification shall close on June 22, 2021. Questions/responses shall be submitted via email to Contract Specialist, Luis Lozada-Santiago, e-mail: luis.lozada-santiago@va.gov, with the subject line as the synopsis number, 36C10B21Q0314. The Points of Contact (POCs) for this action are Luis Lozada-Santiago, Contract Specialist, 732-795-1010 or Juan Quinones, Contracting Officer, 732-440-9714.

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#Bull Case
stale
Added 3 years ago

IBM contract with the Dept. of Veterans Affairs was signed Friday 10th Sept 2021. Total contract value is around $4.5M initially for the delivery of the TTB GRIT mobile application.

I would anticipate an ASX announcement shortly.

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Valuation of $0.870
stale
Added 3 years ago
Valuation figure revised based upon additional shares from the capital raising at 26 cents for $6.5M currently in progress, delayed implementation of the IBM GRITS contract and the inclusion of the Hamptons contract revenues. Source: RAAS update 4-Aug-2021.
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