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Do anyone really believe that RG with his experience and money cannot see through this for example.

The Data Integration product performance has improved from -87% decline in Q1FY23 to 180% growth in the last reported quarter, Q3FY24.

What you mean the quarter where it all unravelled and that "very honest" CEO and CFO took their bonuses before the accounts were even audited/closed, to a quarter when a certain US motor company did their renewal extension.

Contract win and fy24 guidance

cirata secures c.$2m live data migrator contract ("ldm contract") with ibm to support top 3 us bank, representing the largest ibm oem big replicate implementation to-date

Where does it say it is a net new customer? Where does it say it is a NEW contract?

The answer is it doesn't it says contract win and FY24 guidance.

Where in this statement was I wrong from last week? A large US bank is due to do a sizeable >$2Mvery shortly other than that, not aware of any 7 figure deals.

Bank ........ is an existing customer. That deal was live and due to close last year before IBM pulled the plug on the deal.

You know nothing about my share dealings and how many shares I have, or how much loss (or profit) I have made and for the record I never ever ever do shorts.

This was my message last week, which I got slated for BUT which turns out to be 100% true:

There are no sales people in UK, only the CRO, Alliance lead and their deputy. 2 CRO’s in the US, 1 sales person and 1 renewals person who will have done the renewal. A large US bank is due to do a sizeable >$2Mvery shortly other than that, not aware of any 7 figure deals. If there were salespeople unless transactional which this technology definitely isn’t, 15 deals and they couldn’t cope. The US bank is a renewal extension, not new business. They could do a deal at a certain bank in the UK which used to give piggy (literally) banks away

The renewal which it is, is for an existing customer. This is not a new contract win, it should have closed in Q3/4 FY23.

SK has now admitted defeat in the guidance, which was even the most ardent fan such as pearls and Spratt knew was rubbish. I'm guessing the T/O might not even hit the £7.8M they did last year, this year was the reset year, now it is next year. Can they turn it around? Yes. Will IBM buy them? Why would they, they have had ample opportunity to do it and not bothered

I bet a charity donation they did not/could not deny it as it’s true.

Go on name those salespeople, name those technical people, name those marketing people on LinkedIn as LinkedIn is a public website you will not be breaking any regulations.

There are no sales people in UK, only the CRO, Alliance lead and their deputy. 2 CRO’s in the US, 1 sales person and 1 renewals person who will have done the renewal. A large US bank is due to do a sizeable >$2Mvery shortly other than that, not aware of any 7 figure deals. If there were salespeople unless transactional which this technology definitely isn’t, 15 deals and they couldn’t cope. The US bank is a renewal extension, not new business. They could do a deal at a certain bank in the UK which used to give piggy (literally) banks away

I really do hope so, could do with some good news as perhaps unsurprisingly I didn't win either of the 2 £1M Premium Bond prizes!!!

There are 3 CRO's and 1 sales person in the US, that's it none in UK, Europe, Asia. There are 2 Pre-Sales in US, 1 in Europe. There is only 1 person in marketing who does the web pages, now please explain to me how a role as a CRO in a tech company of circa 70 staff works. There are deals for sure, there must be otherwise Kelly would be in deep trouble for lying to stock market, I would like to see them. Oracle end quarter this month, Msft next month and IBM year end as well.

Pearls sounds like someone with insider knowledge. The deal you allude to HAS to come in before the end of FY., but they said that last October/November/December as well!

For sure $20M burn with a $8M T/O, this isn't a company (at the moment) on a growth trajectory, hopefully that will change. Saw the 15 new or renewed contracts statement and as ever concerned that could be 14 renewals and 1 new or vice versa, but if it was 14 new say, they 100% would have said. They have a serious amount of new business to close before the end of the FY, my guess is IF it misses, SK and the board do not have anywhere to go but the door, because that will be 20 months or so since he took over. He is a turn around specialist, so let's see if that is still true. Fingers crossed

Perhaps a better question to ask, what is in for IBM here? Yes, they get to badge a 3rd party product as their own but $1.7M is like the expenses for a month in the UK, chump change. The money will have been spent for sure. How much development went into badging it and designing it to work with WatsonX, which by the way is not shifting!

The lady is a pal (and former employee) of SK, and the gentlemen is of KL.

You wouldn't know if they did not renew!

Are you actually joking me, a renewal? Does not say for how long? They need what 10M in Q4. Why oh why did I think they could turn it around.

Who would buy them? Msft, Oracle, IBM et cetera must have this technology for moving data. How much unstructured data is there? I think I read somewhere on here previously they have a tie in with IBM on their product. The way it seems and I stress seems to be going, why don't they wait until it goes bust/put up for sale, etc

He's an interim hire and was out of work from June 2024, so immediately available but in US not UK where all finance is situated.

No way at current burn rates they won't do another placing. The cost break even by the end of 2024 is 95% not going to happen. CFO jumped or pushed

Looking at this, he will have 3 months notice, given it now and they have recruited an interim CFO based in the USA, but ALL the finance are in the UK. The interim is/was out of work. SK will not want his likely final job (he's 62) to be a failure but have to say at the moment, it's not looking exactly rosy. If no RNS come out by this time next week, expect a bad bad quarter and then all hope of what $10M + will need to be in the last 3 months. Totally possible, but it would be "squeaky bum time"

Cash position of $9.1m as at 30 June 2024.

So it was $13.1M at the end of Q1, they have just raised what $7M so they have circa $16M, burning at 3.5M to 4M per quarter Without a doubt this must be the last share raise if it doesn't work. I personally think it will and from what they have implied Q3 is not going to be anything, so Q4 and mid January is going to tell us everything. If it's $13-15M, great, but that is some serious serious uplift from bookings YTD of $3M. I cannot decide if all this is good, great, iffy or a disaster.

The below is great news BUT BUT BUT, there is now only 1 person in marketing, they got rid of 6 people, so where does the continuation come from?

During the past six months, the Marketing function has 'test driven' various elements of the marketing mix and there is growing evidence that digital marketing and account-based marketing efforts are starting to deliver meaningful inbound leads. The Marketing team is now doubling-down on certain activities that are yielding improved lead generation metrics such as a 200% increase in Q2 over Q1 LinkedIn add performance and an 80% increase in organic search traffic.