Ann: AR9 to Present at Henslow Defence and Security Conference, page-57

Recent lows is 8.1c and the 12 month low is 6.9c, so yes it can go lower if there is total silence from the Company. This will continue to slowly grind downwards until a contract is announced or the release of the next quarterly which is about 7 weeks away. This is assuming there is some positivity in the next quarterly. Unlikely that we will be cash flow positive - I noted that Kurt was softening us up for not reaching cash flow positive and was intimating that if we get closer to cash flow +ve then that 's a good thing.

Once again, I think they made a big mistake on channeling all their business effort into the Defence sub-sector. We are at the mercy of Defence.