Ann: Redflow Quarterly Update and Appendix 4C, page-9

So ... all the mildly positive news we already knew, so the only info new in the qrty was the disappointing stuff (some may say tragic?).

Another manufacturing delay. No new orders. Qrtly customer receipts below just Tim's salary. R&D costs ... 4x YTD revenue; Manufacturing costs ... 4x YTD revenue; staff/admin costs ... 4x YTD revenue. Can't make anything so can't sell anything! By the time the plant just starts running again they'll be down to ~$4M. How many weeks until the annual capital raise?

Semini will have been delayed for the ??? time (not enough fingers to count for this 2YO+ order). With production due to restart in May there's no way Redflow are going to meet their the date promised just a couple of months ago. So embarrassing Redflow hasn't even been mentioning the project for months now! Yet this will be their biggest install in Australia and their second largest single site install anywhere in the world!

My commiserations.