Ann: Financial Report - 6 Months to 31 Dec 2019, page-5

The current sp and this report just goes to highlight how much BLG were pinning their hopes on a Lumileds deal. Essentially a one trick pony....

No deal now equates to mc of $23.5mil - so sad - and lots of questions of management.

However, through all the mixed messages, nice to see some form of clarity, finally, around the G4..... Although still not acceptable to me.

Aixtron G4 2800 Retrofit project and commercial scaling of RPCVD
The significant scaling program to retrofit the AIXTRON G4 to RPCVD mode continues to make progress with allRPCVD hardware components now fully simulated and designed. These parts are now being machined by ourspecialist manufacturing partners locally and overseas.Our collaboration partner, AIXTRON were onsite last month at BluGlass’ Silverwater facility to complete theirsoftware installation for the RPCVD retrofit.The G4 commissioning is ongoing with some parts delayed in part due to supplier delays. BluGlass is awaiting thearrival of these parts before the final installation and commissioning process can be completed. We expect to takedelivery in the coming weeks which has resulted in a revised commissioning date for the G4 to come online inmid-year. This commissioning delay does not impact the project timelines of other BluGlass activites in its laserdiode product development plans or customer and partner collaborations. The BLG-300 and BLG-300II are in fulloperation across extended shifts to continue our accelerated development schedule.


So back in the bottom draw, until the next lot of excuses, i mean Quarterly Report, is published.....

GLTAH.