I think I'm right here - something to do with the timing of 'contracts' and when the first cash payment is received
So I'm pretty confident contracted ACMR was in excess of $7m as at Sept 30
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I think we will get an update on ACMR from PLX pretty soon
Latest figs out...... they are going to need additional funding or a strategic partnership in the next 12 months IMHO.
Attachment 8524
Capital raise announced yesterday: https://www.nzx.com/companies/PLX/announcements/294647
$300k!!! Wow!!!. I guess that's the next two weeks covered.
Festive season here, suppose everybody already left the office for the year
Some were expecting an update on how ACMR was going by now.
Is no news bad news?
Wasn't it going to be $10m by now?
Now that we know the growth strategy for PLX is proving more difficult for them than planned, managing costs is the only thing I would be watching. ACMR will be what it is.
Any growth in revenue is usually matched in a growth in costs with these guys. But the costs are the difference between these guys actually existing and a forced fire sale. Right now they are close to living pay-cheque to pay-cheque. They are a looooong way from standing on their own 2 feet.
I predict 2017 will be make or break for them.
Doubt we will hear anything until mid Jan at the earliest now - won't they all be taking a well deserved break
And probably want to avoid reporting 'contracted' ACMR and need to wait until the cash flows start on new contracts before coming up with a number.
Been no news of new business for a couple of months now.
Hope nothing sinister about resignation of Director Carden
Another Director Cook will be hoping that this will be a better year for 2 of his jobs - Plexure and Veritas. Must be a bit disheartening going to those Board Meetings
Goodness gracious me - up from 19 cents to. 31 cents in a couple of days
That ACMR must e over $10m - announcement next week?
Improved my position on stocktastic this year - but would have been better if it had happened after Jan 8th
Ah so - another McDonald's contract
$1.1m of ACMR
I see they use the words 'contracted ACMR' - save the confusion between real ACMR which stsrtsvto count when the cash starts flowing