From the recent September 2022 Quarterly Activities/Appendix 4C Cash Flow Report that anyone not following the quarterlies would not have seen...

• A Tier 1 Big Five tech company (which cannot be named as per confidentiality clauses) has purchased 3 licenses for Crowd Media’s Talking Head platform for 2 years to provide them with digital avatars. Each will be powered by conversational AI for information delivery. The digital avatars will be designed in collaboration with the Tier 1 client and be programmed with conversational AI functionalities to support daily operations. This initial 2-year license is a cornerstone in Crowd’s relationship with the company and opens further commercial opportunities. The subscription is expandable to significantly material figures over time with the licensing of more digital avatars and deep-tech applications.
• Cash at 30 September 2022 was $2.57 million
• Net cash flow from operating activities was (positive) $36K

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Market Cap at the current price (quite a rise today) of 0.34 with 718,292,369 FPO shares is 24.45m, though fully diluted (taking into consideration 265.9m performance rights & options that might have a chance of being in the money) is closer to 33.4m if I am not mistaken in my calculations.

Not for the faint-hearted IMHO, but the company seems to be at a potential inflection point in terms of commercialization...

Disc: I hold a small position IRL, acquired recently, and am willing to watch the next few quarters for confirmation (or lack thereof) that this has a chance of going somewhere.