weazel words, page-5

Sorry mate, but the day a company comes out and says - hey we've got this contract and your ROI is going to be 10% is the day the earth flips on its axis and we all fall into space due to the failing of gravity...

By the way I do think you are a little harsh here on the company. Maybe you don't realise juding on the fact that you don't hold stock, nor seem to have any knowledge of the company, that $50m a year is a good 'start' when they are really only in their infancy of development/product placement, and only have a couple of contracts currently not worth anything near that.

I would say they are not in a weak position, but a very strong position, considering they are now market leaders in this technology and can produce the parts 20-30% quicker than any other composite manufacturer. They are also in negotiation to have their processes used in other factories overseas! Means royalty payments for no outset.

I would't call it pie in the sky either. Signing an agreement in March fixing the contract is damn good. I don't think either of those US companies building the JSF would be looking to rely on an average company who couldn't meet their goals or anything like that, or who didn't have the technology to meet what they needed.

Lastly - you may notice their comments that it could lead to further contracts on the JSF, and/or other contracts. Personally I think that other companies would stand up and take notice of QHL, now they have been selected, and utilised to build what they think (and I disagree pretty stronly) will be the best fighter/bomber in the world. So $50m on one contract could lead to many more.

I will say post that, that the buy side is disappointing, but (and other holders may disagree), I hope it does come back, as I'd like to buy more, and put in the bottom draw.