Ann: Business Update, page-123

The doomsdayers keep harping on about the facts... "look at the numbers" they say. The numbers to me say that not much has changed other than what management have said. There does not seem to be too much inconsistency with the receipts. Disclosure is and continues to be $30m for 2019 of which they have collected $23.3m. Not too unrealistic to expect a further $7ish mill in the last 3 months considering the second quarter they achieved $8m. The only other difference between the quarters is the "product manufacturing and operating costs" which have increased (where 62% of annual was spent in the last quarter). No surprise there as management have said repeatedly that they have been ramping up stock on hand to meet future commitments. What is of concern is whether PET can meet this demand. For this they are upgrading their factory to double production. For me PET is a conservative organisation and the $330m would not be out there unless they were very certain. This is the pipeline for the next 3 years and they have only scraped the surface of the additional work from very conservative government organisations waiting in the wings for further evidence at scale. These guys know what they are doing and conspiracies on their share sales is just that.