Ann: Preliminary Final Report, page-24

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moboy

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14/09/17

17:45

Post #: 27225423
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Originally posted by skyscraper99 ↑

There is hope because of the product.

Now Alain told me he would be transparent but now it appears he cannot or will not answer in any way.
Now that maybe because he cannot/ will not answer hard questions or thinks I am too hard on my view about Chandler and Gary.

Chandler claims they got rid of the Placha boys. Pretty obvious.
Chandler claims there is a lot of product that is mot saleable
Alain claims he had to cut back production due to safety and quality.

Now the questions

There was a 45% reduction in production in last quarter ending June 30 BEFORE Alain started.
If Chandler and Alain claims there is a lot of product that is not saleable then why is it included in inventory.
And why is inventory at an optimal level.
So production dropped and sales dropped but inventory rose yet they claim they have a lot of orders.

If Alain claims he/they will be transparent they should answer these questions I put to him/them.

There seems to be too much focus on govt grants instead of getting off their ring and earning money.

A validated product the US defense are already using is the best thing about this.
Alain has a clean slate but I expect to see results from him this month.
They are coming here to speak to shareholders. I would ask these questions again but already have and got no response at all.

If any of you are please ask these questions.

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Thanks Sky for the reply, time is ticking quite fast for the new guy. Hope he delivers.

Last edited by moboy: 14/09/17

CFO Price at posting: 27.5¢ Sentiment: Hold Disclosure: Held
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Ann: Preliminary Final Report, page-24

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