Ann: CFOAM receives commitments to A$2.125m share placement, page-27

That's a very good perspective I think Gator. I was shouted down by the swing trading bulls in early days for stating that the navy contracts were very unrealistic in terms of their bluesky expectations expected to convert in 12 months. Disruptive engineering is slow moving beast in the private sector.... put into the slowest of government sector and it was always gonna be years away. It's still a big reward IF it converts, which I believe is likely but it's slow and secretive.

I'm very disappointed with PFoam's returns, I think it's been msimanaged pretty badly, but this ann I think is a new starting point also. If CFOAM can get non=defence contracts that fill extra manufacturing capability and become viable without Navy contracts... then we will be very happy campers indeed. And this looks like that's possible this year. Add a successful naval fitout to that and we will see the rewards. Stilla spe but bumbling along in the right direction IMO.