Ann: Business Update, page-11

R
Hi Fid

I'm back in them this morning @4.5c.

My initial reaction to the announcement was positive and I was going to take a relatively large stake.

On re-reading it a few time, we definitely seem to still be many months away from prototypes and deals that might involve anyone of money, so the spectre of a CR looms large.

Currently without debt, and with possible commercialisation soon, I'm thinking a CN would provide the less chance for dilution while still giving the financial relief needed.

Anyway....I've got my initial stake and will happily average up each time it is further de-risked. I believe a win with this FS on aircrafts will immediately thrust the business into the spotlight and to circa 10c share price territory.

Best of luck to the long termers.

I've got a 3-6 month target in mind I terms of progress. You know me well enough to know I will dump if expectations are not being met/exceeded.

Milesy