I havent dug deep but this seems to me on the surface to have been a well completed placement raising $4.5M with a SPP to raise up to $0.5M.

Placement

Tranche 1 of the Placement comprises 136,363,636 UNT shares offered at $0.033 per share with attaching listed Options (ASX: UNTO) on a 1:1 basis exercisable at $0.06 expiring 25 July 2024 with approx. 45 million of the Options included within the Company's Placement capacity. 

Tranche 2 comprises approx. 90 million UNTO Options and 12.5 million broker Options. Tranche 2 is subject to shareholder approval at a General Meeting on 31 March 2023. 

Share Purchase Plan (SPP)

Eligible shareholders of UNT shares will be offered an opportunity to purchase up to $30,000 of New Shares at an Offer Price of $0.033 via a Share Purchase Plan. The SPP will seek to raise up to a maximum amount of $500,000. If total demand for the SPP exceeds $500,000 then the Board reserves the right to close the SPP early and scale back applications. Oversubscriptions will be handled by Board discretion. No brokerage or commissions are payable in respect of subscribing for shares under the SPP.

With UNITH having operated on a lean budget for the past three years while eliminating debt from our balance sheet, we have an excellent opportunity to capitalise on interest in our Talking Head platform where funds raised will be applied towards: 

• Develop ChatGPT-driven conversational AI features into the Talking Head platform
• Adding the features will improve the software efficiency, both on the end user side and will remove friction on the client side, allowing easy onboarding on the platform.
• Accelerate development of the Talking Head platform, including sizing up the development team
• Increase sales capacity with additional roles flagged for the commercial team in line with scalability of the Talking Head platform 
• Drive sales & marketing initiatives with allocated KPI-focused budgets to capitalise on rising B2B interest in conversational AI and generative AI business solutions
• General working capital and costs of the Placement

After the price running up 100% in the last month, a trading halt was announced today for a capital raise, hope they're doing it at the right price.

Disc: Held

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.

*EDIT* thanks to @mmff *

Brief notes from the June Quarter Activities Report...I'm confused by the numbers.

Pos operating cash flow "for FY22" but only $20k vs -$97k from previous year (I got this wrong and forgot to mention the "-" )

Operating cash flow for quarter was only $4,000....yep, $4k...

Cash in bank of $2.23m at 30 June but looks like that was all from cap raises, not business profits.

Lots of talk about revenue instead of profit...pointing out that they are doing soft launches before scaling (ok)

Partnerships and programs progressing smoothly apparently

Supposedly investing into IP.

$80k paid to non-exec directors

Looks like another cap raise is coming, aiming for another $600k.

Overall, pretty bland but not necessarily in a good-boring way.

Disc. Held IRL but tiny holding really just looking for an advantageous trade out of it.

HI tbra97,

I tried to DM ( Direct Message) you, but you are not set up for it.

I too follow CM8 and have a small holding. The operating cash flow was $0.02M up from -$0.97M.aka almost up $1.00M.

Baby steps, but at least they are going forward,

I will be hanging on for a longer term

Cheers

mmff