Ann: Business Activity Statement & Appendix 4C - Dec-22 Qtr, page-15

Statements made of "contract assets recorded totaling $161 million" - but the client hasn't yet been invoiced. Sound familiar?

Change the word "pipeline" to "potential".

Blow a staggering $13.9 million in one quarter leaving $21.7m of cash remaining.

More talk of contract delays...and yet, when you look at their competition, it's been all guns blazing. Here's an example;

Rheinmetall moving towards order backlog of 30 billion euros, CEO says | Reuters

100+ workers laid off but increase the Managerial appointments that will come with high salaries, superannuation and other benefits.

$287,000 paid to Director(s) inclusive of fees.

The words have changed, but the language remains.

Unconvincing.