I wouldn't put the report in words THAT plain macrae12. It was still quite good considering their short history, but I agree more time is needed. It shows substantial progress during the past year.
If I was their CEO, I wouldn't necessarily put the "big news" announcements into an annual report. It would be a waste of opportunity for promotion. (And the traders would probably miss the news all together if wasn't in the first two paragraphs!) Better off leaving new good news for separate releases. I still believe this is why they have worded things the way they have. The news may still take time to come however.
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