Ann: Quarterly Update and Appendix 4C , page-5

Got it. BUT it's a grant. That's why it's not considered normal revenue from operations. Sorry but it's a red flag for me when a company tries to spin stuff like this any other way as MNW has done on it's first page.

Plenty of Bio companies receive grants but it's the sales from business operations which count.

Still it's a good performance over the quarter but not as good as they are spinning it as.