In the 31st January Quarterly Update the company mentioned that the four items that they needed to get through were as follows:
1.Identification of CVM applications - COMPLETED at the time.
2.Formal submission of use cases for CVM from delta to the OEMS - COMPLETED/IN PROCESS at that time.
3.Lab testing to develop Probability of Detection Curves (POD) as necessary - flagged to be completed in 1st Half 2018.
4. OEM and regulatory approval of submitted applications - 2nd H of 2018.
The company also stated that updates would be provided to market as the company progressed through the process with Delta.
So where are the updates?
For eg what is the latest with 2 above. Was it completed in full ---as it was in the process of being completed.
And item 3 above. Were they deemed "as necessary" or not. Should we have been told either way as the 1H is nearly over.
Number 4 points has been flagged for second half so still in play.
It would be appreciated if the company did update the market with the development. Ultimately we are waiting for the approvals which should happen over the next quarter. But have we reached that stage. The talk is that nothing has changed and the company is still on track.
The next quarterly will be compelling reading. Although I also think the 30th June Top twenty will be a close second.
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