Looking forward to a new deal being reached with Mac Tel, as this is where the domestic clients / government are being serviced. With Ted now in charge of making the tough decisions, I think we could see much more favourable terms / revenue being delivered CVT's way.
At the date of this report, Covata was renegotiating its agreement with MacTel to ensure more favourable terms and margins. Progress has been made and the market will be updated accordingly when terms have been reached.
In Australia, two small finance companies commenced using SafeShare towards the end of the financial
year. They will work closely with Covata to develop use cases and case studies for the market. MacTel
continued to support 23 government departments using SafeShare, with a rising number of users during
the financial year.
CVT Price at posting:
8.0¢ Sentiment: Buy Disclosure: Held
