It's hard to expect any sales overseas if there's no-one to take sales orders. From the December Half-Yearly Report:
"• Following the appointment of a European Sales Executive, CCS has advanced marketing activities in Europe for the commercialisation of APAS® Independence. CCS is now actively meeting with key target laboratories to build awareness of the instrument ahead of distributor placement. "
Given the ESE commenced in December, 2018 and was at St Vincent's for product training during February, it would be unlikely to sign up any customers before now. Yes, we'd be dreamin', because the Sales Rep has just got started!
The timing in Europe appears to be:
1. Obtain CEmark for MRSA. (Extra testing being done at St Vincent's right now) 2. Sell 5-6 machines (I hope this includes Labor Dr Wisplinghoff) 3. Distribution Agreement executed 4. European Sales Executive employed by Distributor
GLTAH
LBT Price at posting:
6.0¢ Sentiment: Hold Disclosure: Held