Wow - a carefully worded announcement to allay fears and feed the online cheer squad. 100% factually correct but omits critical information.
First, this is only an initial part shipment, not completion of the order as others have wrongly confused it to be.
Manufacturing 250 armour items in the 150 days since the original order announcement is an awfully slow production output. Don’t be alarmed, this is not indicative of the new production machine, as it played no part in making any of these armour items. They were produced in the existing small-scale machine, only a handful per day.
Obviously lots of equipment has been recently purchased and commissioned, and much already existed. So therefore the facility is operational. But the heart of the new plant is the new production ‘xtclaver’, the item management pose on front of, and that has never run and does not look like running anytime soon. Fully operational and fully commissioned requires this item to be running.With the new machine running this entire order could be completed In a mere 2 weeks. I guess another 250 unit delivery announcement in 10+ more weeks will confirm it remains inactive. Easy to track now.
Also, lucky highcom profit made a small company profit, otherwise no management bonuses...
Lots of spin here. Good luck.
XTE Price at posting:
63.5¢ Sentiment: None Disclosure: Held
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