I am guessing that was tongue in cheek!? I just checked NZTE site - no mention of them even on a short list for an award. More fiction...
https://www.nzte.govt.nz/en/how-nzte...015-finalists/
The joke continues - high stock, low cash, can't find a CEO and still planning expansion. Seriously the people that were supposed to know what they were doing and worked there couldn't get it right so who is making the decisions now on capital expansion??
Its just a smokescreen to do another capital raising for operating expenses under the guise of capital investment.
And how about this comment from the Chair to inspire shareholder confidence "Once achieved, we anticipate that additional orders will follow" seriously - 'we anticipate' !?
Doesn't go nearly far enough in terms of a market update to mitigate ongoing notice failures.
Directors selling in the last few months (which we are now advised were very soft) - dangerous territory.