This is a full year financial report to June 2016. It is not a report on what is happening NOW. I expect that a report for June 2017 will reflect the improvements made over recent months. I have faith that the current management will turn this company around through maximum production at a higher quality this current year.
They were not at PEAK performance for the full year reported. The "Calvary" did turn up during the year and threw out a lifeline. That is how I seriously see it. I read the ***** report. I probably read it from a different angle as I have been involved in preparing plenty of these types of reports. the latest this week. It is hard for developing companies to satisfy bean counters. They take absolutely no account of circumstances, future prospects or the value of research and development. AND they have a legal department covering their butt.
FY16 Financial Report, page-14
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