re: Ann: Nexcode cash receipts increase cash ... you can see why...

re: Ann: Nexcode cash receipts increase cash ...
you can see why investors might be a tad dissappointed with yesterdays announcement though

- in the half yearly they announced they had signed a contract worth revenues of $50-60m a year with the Malaysian immigration dept plus the China Gas Tank agreement with similar revenue streams yet they have only received probably about $8m in revenue thus far this year.

Acknowledged that China Gas Tank ID production has only recently started and we don't know whether the Malay Immigration has started or not.

So you have potential $100m revenue which only $8m has been rec'd. Perhaps people were looking for a lot more mulla then was announced.

Anyway - just a few idle thoughts.

Cheerio.