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Message: some thoughts on the CC

The transcript is available on Seeking Alpha. I have read through it twice and to be brief, my initial thoughts are as follows. 

First, another quarter of positive EBITDA. According to Raj, the expected large sales orders are in hand but the companies asked to defer delivery. My view is that the company knew they were going to miss their much higher revenue expectations but they didn't let shareholders know. OTOH, they had mentioned this in previous CCs as a possibility so there's that. 

Second, Raj expects to close on a new working capital facility with a very large bank by end of September. Also expects to close on an agreement with a US gov't entity by end of September for Jamestown funding. 

Third, two questioners joined the CC right at the very end of the CC after questions had been fielded from the other participants, and Raj declined to extend the call. If these questioners had been attending the rest of the call, perhaps their questions would have been allowed. I'm not disappointed about the way this was handled. 

To conclude, if we have not heard of the new capital facility or the agreement for Jamestown funding by the end of September, I will re-evaluate my investment in this company. This is a microcap and it takes time to get new products through the UL testing, into production and tested by customers. Battery safety is a major selling point. I do not have decades of experience following this company and do not care much about what happened before Raj came on board. I do care about where Raj is taking the company. A test of his management capability will come through finalizing these two funding facilities and for now, I will wait to see how he does. 

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