LBT 5.56% 1.7¢ lbt innovations limited

patience young pandawan, I will quote from the latest quarterly...

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    patience young pandawan, I will quote from the latest quarterly 'The sales process involves raising awareness of the instrument, agreeing timing for a laboratory evaluation, submissions and providing supporting information for the laboratory’s approval process.'

    - St Vincents has finished their laboratory evaluation, and I assume would be undergoing their approval process, this has to be timed around budgets and worked around bureaucracy (as mentioned in previous presentations) - ergo, St Vincents is most likely our first customer.

    - We see Labor Dr Wilspinghoff is now undergoing the evaluation - ergo, sales process has already started.

    Considering how long it is taking for St Vincents to go ahead with a sale, I'd say sales to Europe won't happen until next year. I do reckon a sale to St Vincents will happen this year.

    LBT's announcements require careful scrutiny into the meaning of their words. For example, when they said 'first shipment to Europe', we correctly called that it was an evaluation, otherwise it would read 'first sale'.
 
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