Ann: Reinstatement to Quotation, page-11

• 
  

Lessons learned me thinks so expect a few personnel changes and greater oversight/Governnance from Board and Bahay.

Enough of the navel gazing now looking forward

What the hell is Bahay up to that seems quite serious and planned.

I know we have the CSG cooking and taking front of stage but the write off of goodwill from multiwet purchase and expnsion of their activities as per 2022 Annual Report. Wharehouse expansion both in melbourne and WA (2500 sqm on a 10 year lease may explain more of the stealth mode.

From 2022 AR

Expanded Operations

In order to support ongoing growth, particularly the planned expansion of fabrication, assembly and testing related capabilities, during May and June 2022, the Company secured leases to two additional warehouse (with integrated office) facilities.

In late July 2022:

• PPS-Perth: the West Australian operations of the Company relocated to a new and much larger (~2,500 m2) warehouse complex in Bayswater (Perth), incorporating a large warehouse area, office facilities, store, and a range of laydown areas suitable for the planned expansion of operations; and

• PPS-Melbourne: the Company also took possession of a second warehouse (664 m2) in the Bunnett Business Park, which given the proximity to the existing PPS warehouse, will enable office and warehouse operations to be segregated from a range of workshop related activities.

  The enlarged footprint will enable the Company to significantly expand both the scale and nature of operations, which will further support the Company’s aspirations of becoming a leading technology leveraged industrial water treatment company.
  
  Any ideas anyone