Ok - so don't know how to take this update.
- We got $350k for a $700k project from the Govt, that's nice
- We essentially ran at about 50% due to breakdown in equipment?
- Total cash receipts for the qtr were $17k....wtf?
- Second PO from TAC received, so $500k+ in the Sept qtr
- Doesn't look like a delist, looks like they need a US LLC for US based govt loans - which they will do under the ASX structure?
Did I read that right? More waiting. If they had a normal quarter of sales/production then add on the Govt award and it would have been a nice result.
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- Ann: Q2-2019 Company Update
Ann: Q2-2019 Company Update, page-2
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