Ann: FY21 Q1 Conference Call, page-30

Overall it was positive. Compared to the call previous to this one, noone wanted to commit to any projections. Understandably. However as we know now, the litigation in the background was maybe the biggest bogey that worried the management, and most people did not even know about. One can speculate only, but it's possible that it was a bigger worry than covid. Now it is all resolved, even though we may never get to the bottom of why the shareholders footed a big portion of the bill. As none of us are represented on the BoD, I suggest we are forced to leave it at that.

So tuning into the energy of this call, it is clear, the team is focused on the growth ahead, due to bolstered pipeline of leads. It's only a question of how well they can execute this.

Another quarter or two at the max, it will become apparent that LVT is cash flow positive, and growing nicely. The extra cash generated can be reinvested, as it grows into generating more sales, and result in accelerated growth once again.

Awaiting eagerly the market rerate of LVT over the next 6 months, with somewhat moderated expectations of SP by the end of the year of 35c.