RE: News14 Jan 2020 10:54
I would like to think that some orders have been placed, as we have no inventory or stockpile of ready to go units, i would have thought there has to have been some initial orders by now, as in turn im sure there would be at least a 3 month lead time from for delivery from an order being placed. if there really are no orders by now, we wont have started any manufacturing.
im keen to see the next balance sheet to see what current assests sit at, this will tell if we are stockpiling components to allow multiple orders, but again, im weary of the cash position of the company. Not allot in the bank at the moment, so how can we procure all the parts for the units.
whilst I doubt we will get an RNS for every order placed, I would be expecting something to be announced for the first order, (confirmation of commercial status etc) and then perhaps on milestones first 50 units sold etc.
the silence is alarming, either we are not ready to sell any yet for whatever reason or there really are no orders.......
Commercial terms of 50% advanced payment up front balance on delivery, maybe thats off putting, I dont know,
so many unknowns,
notwithstanding that seems share price is holding up well at present which is a positive.