Having read the presentation and analysed "between the lines" I am a bit happier that the ship has started to be turned around. Also happy that Morris and Utilico are happy to cough up the entire $6m if needed and own 66% of the company at this point.
Order book continues to grow, revenue is starting to grow and all we need to know is whether or not they can continue to deliver these contracts at reasonable profit margins.
Yes I will take up my entitlement as the risk has been significantly reduced as a result of this raising and update. Have changed my sentiment back to Buy again.
Ann: Trading Halt, page-7
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