Ann: Titomic Signs $1.8 Million Defence MoU with TAUV, page-13

Pretty sure I read the release... It’s says:

Under Phase II Titomic will deliver a feasibility report to TAUV outlining the various performance parameters, mechanical properties and product cost advantages of the Titomic technology including proof of concept prototypes. To maintain exclusivity, TAUV must execute Phase II, outlining the Specific Products on or before 30th November 2018, at a total Phase cost of $300,000.

So to me this says... They haven’t signed up a $1.8 million contract at all. They have an MOU to now do a feasibility report to say they have the performance parameters, product cost advantages, etc...... At which point TAUV can then decide to pay up $300,000 and then get 5 products made. Or they can just walk away, paying $0. This is still basically a trial for TAUV.

As I said, they’d wanna be pretty certain the feasibility report gets this over the line. Cause the announcement is borderline ASX Aware material.. Just look at some of the numbers they’ve thrown around, the words “billions” and “millions” are in there multiple times. It reminds me of that shipping company they were meant to be making parts for. They threw staggering numbers around.

People on here have already mentioned that this is the first “revenue” for TTT. They’ve already mislead people.
Just seems to me TTT release way too much hype before they’ve actually done anything concrete.