CFO were under considerable pressure to release info about the...

CFO were under considerable pressure to release info about the US Navy deal. Last year they misjudged timelines and promised news about the deal pre-Christmas.

As I mentioned in a post yesterday, the ann. was intended to signal the potential significance of the news. The phrasing was highly conditional - anyone reading it otherwise was missing something. The $12k order from Touchstone (who will machine the CFOAM to be installed in the Aegis destroyer trial) will be followed by further orders. As stated in the first ann., "the construction of this first full-scale exhaust uptake system by Touchstone will take place during the remainder of the year", so expect orders from Touchstone for the trial to total around US$1M by the end of 2018.

The directors are clearly excited about CFO's prospects. They backed the truck up earlier in the year, buying more than 1M shares on market at an average of 22.3c (see anns. in Feb 2018).

Alain Bouruet-Albertot is a gun CEO, who accepted a significant pay cut to join CFO (where he's on US$150k) and a performance package of around 3.3M shares. The conditions for vesting these shares are exacting - all are tied to major manufacturing and sales milestones over the next few years (2.5M of these require the SP to be over 60c). He has turned CFO around since he's been on deck and we're on schedule for him to meet the first milestone, a significant increase in manufacturing capacity by mid-August 2018.

Whatever you think of the ann. yesterday, if you can buy below company directors at this end of the market, I'd say your doing well. GLTAH R-7