I'd like to believe this report has value, but I'm afraid it...

I'd like to believe this report has value, but I'm afraid it simply says to me that their focus is in the wrong place. When a company goes seeking government approvals and ticking ESG boxes, in order to earn some investment brownie points, in means they aren't focusing on real customers and market forces.
$5m is petty cash. It's not even worth chasing.

I'm firmly of the opinion that a business with their eyes on handouts and subsidies will never achieve anything. It looks like they've got a socialist mindset, not a capitalist one. As ugly as that C word is to some, it's what grows businesses and generates wealth.

I hope I'm wrong and they really do have the guts and determination, but the fact it's taken so long to spool up any meaningful commercial production and make profit has drained my hope. I get the feeling they're just chanting "regenerative" while sipping organic chardonnay, and dreaming the rainbow unicorn will magically appear and make it all work for them.

Apologies if I've got it wrong or offend anyone at WOA, but I'm frustrated.