There's nothing much new in that announcement.
The efficiency increase from 50% to 55% is good news. The potential $2 million per year in revenue was already in the chairman's address to the AGM.
Losing another $2.4 million is bad news, as is being forced to delay work on the manufacturing plant.
All of that together surely didn't warrant a trading halt, so I'm guessing there will be some kind of capital raising coming, bringing more dilution.
So I'm not surprised CFU is down on the London market.
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