The way I read the 4C is that AJX are tracking, ie on track and yet to achieve, revenues for CY16 of A$15m, approx. USD$11m. This is a downgrade of USD$7m on a projection they were sticking to less than a week ago. These guys are very good at phrasing their announcements and I for one don't trust them and won't trust them until I see it in black and white on a 4C or P&L statement.
My bet is that there will be further slippage come the end of December.
Ann: Appendix 4C - quarterly-AJX.AX, page-72
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