RE: Good Grief8 Aug 2023 15:02
Might be useful for investors to have a look at the presentation from June 13th. There's a funding facility in place for Β£3million and all of the companies in the portfolio are being set up to be self financing. They don't anticipate an equity raise.
The CEO sounds especially confident about Wyld and Device Authority. Device Authority offer cybersecurity in the IoT space. Al Frisco says governments are now taking this very seriously because their is so much malign activity from rogue governments and other bad actors. In the past they have been relatively complacent but as the IoT space becomes more dominant, threats become more frequent and he thinks governments will start to legislate for infrastructure and other critical assets to get protection. Device Authority have won the Microsoft Azure prize for their products.
AF sounds confident about all their companies. All have groundbreaking, valuable IP in IoT.