Ann: Appendix 4E and FY 20 Financial Report, page-4

Whilst they are saying they are 'on track', there appears to much 'butt covering' going on in this report for my liking, particularly re the promised future revenues from the Laser Diode venture - lots of references already to COVID impacting 'supply chains'....

It galls me that peeps who choose not to read the detail of this report would think BLG's revenues are fine, when in fact, they are essentially relying on Government Rebates and grants (and more importantly, our funds....) to get them through.

Only around 17% of total revenue last year came from paying customers.....

Two extracts below from the report demonstrate this in all its horror - Summary Page and Page 37 of the report -





The AGM this year will be very interesting. M'ment appear to have 'hung their hat' on Laser Diodes. There will need to be concrete signals at the AGM that revenues will 'definitely' appear early next year.

Now more than ever, BLG m'ment need to deliver.

GLTAH