This announcement should pacify all holders concerns, on all...

This announcement should pacify all holders concerns, on all fronts of the company's operations.

With respect to cash-flow liquidity:
1) The cancelling of the convertible notes is extremely positive news.
2) The attracting of a cornerstone investor shows an extremely positive sign of confidence.
3) The financier agreement for $650K + further negotiations nearing completion.

The above three points: 1) improve how favourable the current capital raise is, 2) ensure swifter access to capital in the future (through credit) and 3) reduce capital dilution in the future.

However, it is the sales update that is what excite me. There are so many key elements mention:

1) Strong support from US investors and shareholders (which is expected to continue).
2) Expectation to exceed $3.2M revenue by H1FY18 quarter, meaning Jan quarter revenue in excess of $1.8M.
3) Massive revenue growth potential in H2FY18: "we have only scratched the surface in both these segments, which we expect to provide a greater contribution to our total revenue in the second half of 2018."
4) Added another sales member, and opened a further office in Poland to better serve the international (European market).
5) Discussions with additional distributers in the USA and internationally.
6) Discussions with strategic partners in adjacent verticals within 3D printing and education.

As the report states: 'transformational period' for the company.