Ann: Company Update , page-9

There's nothing much new in that announcement.

The efficiency increase from 50% to 55% is good news. The potential $2 million per year in revenue was already in the chairman's address to the AGM.

Losing another $2.4 million is bad news, as is being forced to delay work on the manufacturing plant.

All of that together surely didn't warrant a trading halt, so I'm guessing there will be some kind of capital raising coming, bringing more dilution.

So I'm not surprised CFU is down on the London market.