There wasn't the same rapture people held in comparison to previous years
Seemed there were 2 camps - those wanting to hear more about CETO 6 (Jukes' question about hydraulic vs linear engines brought him respect from MO)
MO start the day saying "I am not happy where the SP is..."
He said this time is different as there is a clearer path to profit, now there is a revenue stream. It is a nascent market and they are well positioned etc
He said they needed $40M revenue to have a healthy bottom line and profit... he said he the board was looking at whether organic growth would get us there (but take longer) or if partnerships were needed. The EMC business would get us there, CETO 6 was many more years down the line... it was the IP that would make the bucks from CETO 6.
Said the board was looking at being profitable by end of 19 FY.
Other avenues for capital now but wanted to give us SH the chance to buy more
