They certainly are claiming it is revenue... Direct quote....

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Optimis

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25/10/18

12:58

Post #: 36257839
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Originally posted by kovey ↑

Originally posted by Optimis
Pretty sure I read the release... It’s says:

Under Phase II Titomic will deliver a feasibility report to TAUV outlining the various performance parameters, mechanical properties and product cost advantages of the Titomic technology including proof of concept prototypes. To maintain exclusivity, TAUV must execute Phase II, outlining the Specific Products on or before 30th November 2018, at a total Phase cost of $300,000.

So to me this says... They haven’t signed up a $1.8 million contract at all. They have an MOU to now do a feasibility report to say they have the performance parameters, product cost advantages, etc...... At which point TAUV can then decide to pay up $300,000 and then get 5 products made. Or they can just walk away, paying $0. This is still basically a trial for TAUV.

As I said, they’d wanna be pretty certain the feasibility report gets this over the line. Cause the announcement is borderline ASX Aware material.. Just look at some of the numbers they’ve thrown around, the words “billions” and “millions” are in there multiple times. It reminds me of that shipping company they were meant to be making parts for. They threw staggering numbers around.

People on here have already mentioned that this is the first “revenue” for TTT. They’ve already mislead people.
Just seems to me TTT release way too much hype before they’ve actually done anything concrete.
Hi Optimis this an extract from your posting: "So to me this says... They haven’t signed up a $1.8 million contract at all." I say no they haven't and they haven't claimed they have signed any contract. This is the heading of what they put out and I think they are very honest with what they have fed the share holders and public. The heading reads: "Titomic signs $1.8 million Defence MoU with TAUV"

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They certainly are claiming it is revenue... Direct quote. Straight out the Managing Directors mouth in the announcement:

“This MoU with TAUV provides the first significant revenue for Titomic. The granting of an exclusive license to TAUV for the production of soldier systems further validates Titomic’s licensed CSIRO patents as a viable additive manufacturing process that enables Australian companies to manufacture cutting-edge products with competitive advantages for the global market.”

This MOU doesn’t say they are guaranteed any revenue? They are just doing a feasibility report. There’s no exclusivity until TAUV is happy with that info, then they pay $300,000 for the 5 products.
And the words billion and millions show up about 10 times!!

I’ll say it again. This is borderline ASX aware material. This is exactly how companies like GSW behaved. If this feasibility report doesn’t go through, they will be looking seriously bad.

TTT Price at posting: $1.56 Sentiment: None Disclosure: Not Held
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