Completely agree with you on this one. Purely from a cash point...

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Pinginhard

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12/05/19

08:21

Post #: 38523095
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Originally posted by Teddyward: ↑

Lots of production and sales receipts coming in following quarter?

If not it is still sucking cash dry.

Do or die if there is no demand or not enough demand there simply isn't enough turnover to support these guys ( now reduced) overheads.

As usual the poly cover isn't durable, see how the new design goes and unless they offer a free change over or discounted upgrade to any mine that adopts it why wouldn't they just wait for metal dura version?

They need sales and turnover now!! They can't piss about any longer having failed launches or underdeveloped products and must hit a winner .

The actross is interesting

Is this the failsafe design from years ago garbage trucks, linfox that never sold?. Interesting as actross are a high value proper truck and cost is small compared to truck cost. MB were trialing it as a automated vehicle and old versions were used by military support . For a 2 truck fit it would have been expensive in time and engineering unless they are going to proceed with a fleet or unless MB use a standardised axle arrangement . Would need to check with mates who are up to date with MB axles and see what other vehicles are using them that could be cross sold into since they have worked out the adaption .

Still in survival mode
Why they persist with listed costs amazes me but they will want to raise in the future if they ever get it out of the under capitalised hole they are in but any sucess they will just be preyed upon .

Anyone else even watching or interested

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Completely agree with you on this one. Purely from a cash point of view they will need a CR in the coming months. I don't see things becoming any better for this company unless, as you said, the can drive sales.

ABV Price at posting: 0.7¢ Sentiment: None Disclosure: Not Held
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0 Great analysis

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