Massive red flag - revenue

On 28 February 2019, the company forecast FY2019 revenue of $27m -$30m.

On 23 May 2019 and 1 July 2019, the company trumpeted new unannounced deals working on Chinese lakes, including increasing the scale of a project by 10x & a $1M per month application of the product.

On 23 August 2019, the company still forecast only FY2019 revenue of $27m -$30m.

This means these projects had no impact on revenue. The share price more than tripled on the prospect of the opportunity in China, but these new announced deals had no impact on the revenue line.

I have sold my stake. Settled price is likely to be around $0.40.

DYOR.