$1.6 mill conv due at 12/2019
Anticipated newsflow????
Update on M&A activity
Continue to investigate M&A opportunities to provide size and scale to the business
Not sure what they are up to
Have to reverse loans out of cash
They need more scale / volume to justify outgoings and diversify away from so few sales clients which they are doing.
Companys often update for offer as noted above and do it when numbers look their best.
Be interesting to watch this coming quarter as if they don't get decent income from consulting, fail tender and are back to business as usual the story starts top look a bit bland again.
I see they say Caterpiller are a client?? Antone know what current or historic product their brakes are fitted to ??
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