*if* they hit their 48m guidance which they have repeated a ten...

*if* they hit their 48m guidance which they have repeated a ten thousand times and follow up with the cashflow, there can be little doubt of being able to maintain this in the following years as this level of NPAT is supported by long term contracts.

It should also be noted that the company has been introduced to Chinese/Indonesian/Vietnamese governmetn departments by the government of Malaysia through various trade fairs. It would be a massive loss of face to obtain the product/service and then not pay....not to mention the disruption to their verification services etc. Malaysian govt depts have also given references by way of site visits etc

But hey, it *could* happen.

Also, is it coincidence that Blackrock, which has a significant Chinese state shareholding is investing in the company? Possibly, but you know these devilish *central* governments like to plan things in advance....

Everything is uncertain until it happens, i guess.
I understand the skepticism, but it will subside when they can show the cash.