Ann: Appendix 4C Quarterly (Q2 2023) and Business Update, page-9

I agree the Resolute review muddies the waters a bit (a lot) but you don't under play the outlook because there might be a deal coming.
In the normal world you talk it up to get the best price possible.

In the absence of a deal if the trajectory of revenue from the distributor model continues, that can underpin the business going forward. Then you get the big projects coming in, albeit sporadically, to drive the growth. Manufacturing in China is set, Wyoming is ready to advance as a second source of product. The company must make hay in this Nthn Hemisphere summer as water bodies warm up and turn ugly.

I'm punting a couple of large deals will land this quarter or next.