Nothing on annoucement new to the market. The fact that I appreciate the effort from the mgt to answer concerns (low gross margin for example). Few take-away below:
-un-reported liabilities regard to the new plant construction (which we already knew) around 1.5 mil.
-Receivable increase 500% which may indicates significant growth of new customers contract. ( this may relate to growing sale of new AMF product)
-low gross margin for this half due to new AMF production line establishment)
-plenty of cash for things going as plan
-tangible assets worth ~10c per share give current P/B to 4.7x
-my guess: given ~500k receivable which is 30days payment.Assuming this rate unchange, 2nd half sale would be >3mil at least.