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Tsk tskThe Trading Halt is requested pending the release of the application to the Supreme Court of Western Australia by the Company seeking orders in relation to the Company’s inadvertent failure to lodge cleansing notices under section 708A(5)(e) of the Corporations Act in relation to the following share issues:
a) 12,987,013 shares on 3 July 2020;
b) 3,000,000 shares on 21 August 2020; and
c) 1,562,735 shares on 25 September 2020.
Quarterly Activities ( Highlights ? )Hasn't had much news lately a good entry point in anticipation of news to come
Price down due to what? Report was all good apart from a delay. Oversold?Quarterly Activities ( Highlights ? )
• Invoiced US$442K in 2021 up 26% over 1 QTR 2020.
• Collected US$340K relating to sales receipt from customers.
• US$266K in receivables will be collected in April 2021.
• WhiteHawk finishes the 1st quarter of 2021 with a cash position of US$2M and no debt.
• Executing 2nd YR of contract with U.S. Department of Homeland Security (DHS) CISA QSMO Cybersecurity Marketplace, as sub-contractor to Guidehouse (formerly PWC Federal), for $1.5 to $1.8M USD Fiscal Year 2021.
• Completing first year as Prime Contractor on U.S. Federal Government CIO Cyber Risk Radar contract for base year and 4 option years, not to exceed $1.18M USD annually.
• Cyber Risk Program contract renewed for 2nd YR, Phase 1 for $100K via a Global Consulting Firm in direct support of a Global Manufacturer. Phase 2 being scoped for a Cyber Risk Radar across an initial 1,000 suppliers in 2021.
• Responding to 2 Cyber Risk Request for Proposal (RFP) via global consulting group for 2021, one RFP for a Global Sports event and one RFP for a U.S. State Organization.
• Two new Cyber Risk Solution SaaS/PaaS opportunities with a second global consulting firm.
• New Cyber Risk Platform as a Service (PaaS) opportunity discussions with: Top 10 Defense Industrial Base Company for their suppliers; Global Business Credit Risk Manager for their business clients; and Insurance Group for their business clients.
• Starting in May 2021, our Cyber Risk cloud based product lines will be sold on Amazon Web Services (AWS) commercial marketplace Partner Network (APN), allowing WhiteHawk marketing and sales to both industry and government clients without an additional contract vehicle.
• Three Task Orders, expected in 2021 first quarter, now delayed by the new US Administration to 4th QTR 2021 from current U.S. Federal Government Department CIO Contracts.
• Signed partnership agreement with a Global Insurance Group at the end of 2020, with intent to tailor Cyber Risk PaaS for business clients has been delayed due to that company's internal reorganization.
Opportunities and delays
down 18%; now $0.175
yes, it seems patience is required with stock far more so than many othersWHK I thought the quarterly report was positive with $2 million US in cash and no debt
plenty of active contracts and some delayed
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