RE:RE:RE:RE:Hopefully this worksBentley2000 wrote: I found the report {s}....now I have to find an accountant to explain it to me Lucy :):):)
We are still alive but we need answers to EV's/AI/Health and that 40M?????
Take the time and read the MD&A report along with the fins and you will see what is happening to those verticles. interesting line about AI:
A significant portion of Nexalogy's revenue stems from public and private sector RFPs. A lack of suitable RFPs or unsuccessful bids could adversely affect the company's financial health. It's worth noting that
certain public sector RFPs contain clauses that allow termination without prior notice. Nexalogy also works in the realm of AI. It’s also worth noting that as this nascent technology matures, currently unknown risk factors may emerge such as government regulations and public backlash.
I bet dollars to doghnuts that that clause is where the UP to $40 million contract is filed... Cancelled
Also RFP's (Request for pricing) in Gov contracts is always go for the lowest price vendor.