San Quintin was already in the 49.2 mill of backlog expected to be recognised this year. Along with PDVSA. The only way i see them hitting guidance is if they sell all nirobox inventory before year end. Note in the last 4c it states that remaining nirobox inventory is expected to be sold in the coming 2 quarters. Without this the cannacord is correct in saying that guidance will fall well short. If they do fall short the market will punish them as this will be two in a row. Hopefully they have some news to counter any shortfalls.
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