Ann: Investor India MoD presentation, page-16

@Sequoia ,I think you right on your analysis here. More time has passed, we did not receive any CR or something similar. Company is managing its cash well and on the other hand directors keep buying on market at whatever price on offer. 16,17 and 17.6 . I know small amount at a time, but they are keep buying. Both myself and @hamish$invest agreed earlier that directors has not finished yet, looks like we were pretty right on our assumptions as suggested in today’s ANN.

IMO, even if there is a CR, it have to be at premium, 20c or above (otherwise directors should not have bought at present price) but I personally think @hamish$invest is right here. NO Dilution. It's just some fear some people spread and I can see constant buy orders re-filling at 0.160 for last few days. I wonder if that "locking products" contract is at the end of its negotiation and will be announced soon? It should be another 30m revenue deal in 5 years, am I right? Together with high value Indian deal (16M+ which is mainly license fee/profit) and this locking products (30m) contract will change the complexation of present 33.69m market cap. IMO there will be huge re-rate between December to March when we'll have plenty of cash at bank. We just need to buy now and hold as supply will dry up very soon .Just IMO please DYOR.