“Actually I think some shareholders should actually go back over the announcements and then compare them with what actually happened.”
That’s an exercise that I think definitely should be undertaken, Joe, since it relates to a recurring theme addressing previous management’s credibility. It might even settle a few concerns.
Some posters appear to be concerned that sales order figures were unduly exaggerated or that not all announced sales contracts were subsequently filled. Personally, I don’t understand how such a claim can be verified, since itemised income is not made public. Contracts are announced when sales orders are received but not when they are filled. Only the company accountant or auditor would be in a position to reconcile individual income receipts with a particular contract source.
I have summarised in the table below the ASX announcements throughout 2016 that relate to sales orders received. As a test of credibility either way, I think it would be interesting for any one of the announcements to be selected and proof provided that related income was not received.
View attachment 872612
Revenue reported to June 2017 looks to be sufficient to cover what was announced, so I am not one who sees reason for undue concern about the veracity of those announcements.
(20min delay)