Didn't we agree that they were unfilled orders and hence are included in the current guidance. So if guidance is met revenue will be "Old product orders (guidance)" + "New orders (unknown)" that get filled and paid for prior to June 30th.
But yes I agree that it leaves a bad taste in investors mouth that he pumps out an announcement bragging of 30m in orders that only a fraction get filled and cash received.
But he has now in no uncertain terms expects orders to be FILLED this half plus any new orders.
So if we get less than $24m in revenue in the half year I will be cutting my losses if a damn good reason isn't given why they didn't meet guidance. I will be expecting real revenue to be higher than the guidance, if it isn't beat then that means they got no new significant orders over a 6 month period (or they are unable to fulfil more orders than that).
BUD Price at posting:
4.0¢ Sentiment: Buy Disclosure: Held
