If they've read the quarterly properly and understood it there...

If they've read the quarterly properly and understood it there hopefully won't be too much selling.

Cash receipts of 35k surprised me a little as I was under the impression the Navy and VIMS orders would be paid for in advance however the company will still receive the money and be accounted for in q3. Revenue has also more than doubled from Q2 2016 to Q2 2017.

"Consequently, the Company achieved revenues of $280,637 and cash receipts from customers of $35,592 for the quarter ended 30 June 2017 (Q2 2017). Quarter on quarter, this compares to revenues of $129,962 and cash receipts from customers of $140,030 in the prior comparative period (Q2 2016)."

I'm still backing the team in as demand for this technology will only increase and they're the only company to have commercially ready products available. Also, the feedback for their products has been nothing but strong so we'll start to see an increase in orders pretty soon. If you were to compare UUVs first report to DROs after it listed it's still no contest.

Still a strong buy at 12c.