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Re: Watts Watt post# 203878

Thursday, 10/22/2020 11:37:38 AM

Thursday, October 22, 2020 11:37:38 AM

Post# of 232839
“Our second quarter results reflect our continued shifting of manufacturing operations to trusted suppliers, refinement of our operating cost structure, and active management of the Company’s assets to maximize value”

“Active management of company assets”

I’m guessing this pertains to LF property and IP property ‘asset(s)’ - makes for a good argument that they may be instating some protocol to collecting revenues using assets...

“trusted supplier(s)” along with yihao being a “primary supplier” - this has big contracts written all over it...

From 2018 3Q

“In addition, the Company has active DEVELOPMENT PROJECTS with top-tier medical, automotive and consumer products companies, each with potential for volume, multi-year production.”

From 2Q20

“During the second quarter of 2020, the Company generated $33 thousand in revenue through initial part deliveries on development projects, as the Company continues to shift production to outsourced suppliers.”

“Initial part deliveries on DEVELOPMENT PROJECTS”

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