March Quarter Report, page-62

One example is 1 year ago we were teased with prospect of a TKF1000 sale in UK

May 2020 update
Machine sales
TKF 1000: surrounding the sale of a TKF 1000, we're in final negotiation stages with the UK Government.

Then in September 2020 update
Titomic Kinetic Fusion® Manufacturing Systems (“TKF Systems”
Titomic has experienced considerable delays in its forecasted commercial sales of TKF systems due to the effect the Covid19 pandemic has had on its customers. Titomic’s previous forecast estimates of TKF Systems sales to customers have been delayed with the Company now anticipated to achieve sales orders of $4.5M in 2020 with the revenue from these sales, together with the balance of the other delayed orders, to now be recognised in 2021.

We are now into May 2021 and has been no mention of this TKF1000 sale (specifically) since May last year. You would think this would rate a mention in recent Quarterly updates regardless of status....??

Another example is the vague, dribbles of information relating to Composite Technologies TKF Machine sale. It’s nice to know the client is assisting with an early result, although sale is now 6 months late what I can see...but why after 2 years of research leading up to inking a deal is it delayed... really?