General discussion, page-509

If anybody sees a Petra update (following the half year) please post
In the meantime, I note from the last update in early February Petra was still forecasting FY18 sales of $30.1m with the following comment backing this up ….

“Following discussions with Management, we retain our confidence in FY18/19 revenue forecasts. Although there is still work to do in H218, the rebound from late 2017 is clearly strong and very real.”

With 1H revenues at $8.7m that means they need roughly $21.4m in revenue over January 2018-June 2018  - which in turn will need them producing record 4C’s - perhaps a strong March and a stellar June?.
Another thing is if they do achieve the $21m over this half, that could be roughly said to be around $40m perhaps in annualised revenue at which level should see them achieving profitability over this calendar year.

But it’s interesting that Petra said they had discussions with management (which would have likely been late January and probably when Alexium knew that the first half sales were only $8.7m) and they remain confident (both Alexium and Petra).