Haven't had much time to put any thoughts as been busy with lots of things

Looked at the quarterly update today and nothing can explain the rise

Welcome to the world of small caps!

Only less than a quarter of cash and hardly any customer receipts

But there are great expectations as you can see below

On the subject of expectations, Sprintex does have a order to fill if the Mest Water trial passes

Each unit will retail around 30000

Mest water has reserved 400 units on expectation of future sales

So lots of "pie in the sky" and "hero moment" stuff

I also checked the Mest Water website and there aren't much details of customers, only the technology

Everything in Dutch so I needed to translate the website. Not good when they don't have english version of the website.

In summary, despite the uptrend and potential of $20m revenue which is baked in the performance rights, the quarterly does not look promising and I still ask the question of not when but if anything will happen.

And with 3 years of promising revenue expectations and misses, questions still remain in my mind if this pivot from automotive superchargers to high performance motors/compressors is the right strategy.

[held]

I have had quick look at Sprintex and some of the videos of their compressors and airflow technology look promising

My main concern is that the assets < liabilities. But I haven't gone deep enough into their borrowings.

Cash is only 1.9m

Not sure if anyone else has had a look here. Would be good to get some views.