Ann: Appendix 4E and 2016 Annual Report-CVT.AX, page-3

This sounds alright.

"As the Company has progressed deeper into sales cycles with enterprise and government prospects it has also found that contracts are likely to increasingly shift from a per user per month subscription basis to enterprise wide/whole of department multi year contracts for up to 10 years. This is an exciting development and will enable the Company to have transparency over the
total contract value for the life of the engagement"

Annuity style income will be very well received by this market.

Also with R and D grant adding $2M to cash balance of around $15M, TPG and Fidelity investing at 23c in capital raise (means product is not a load of shite), contracts due to be announced over next few months, seems a decent punt at these levels IMO. DYOR.