Credit Raise- Inevitable, page-11

CTD gets crucified because they talk a lot narcissistic rubbish, consistently demonstrating they know very little of the real internal workings of corporate environments, let alone how detailed financials come together.

Case in point... wanting a 36 months funding plan. That sounds all very sensible in theory, yet is possibly the most ridiculous, impractical waste of time for a company in FBR’s position to even try and attempt.

It shows a fundamental lack of knowledge as to how corporate finance teams operate, how budgets and strategic plans are produced, agreed and iterated internally, how dynamic technology programs of work are, what relevant forward looking information can actually be released to markets. I could go on.

These guys think they sound intelligent, but they simply hope there isn’t someone to call out their nonsense. It’s textbook fallacy of incomplete information... news flash... they need to raise funds! Anyone that can manage primary school mathematics, won’t find this shocking.

A lot of shareholders feel hard done by, (ironically given delays based on forward looking statements), given perceived share grabs, and given discontinued MOUs. But this always has been and still is a highly risky spec.

The recent achievements are a fantastic de-risk and probably removes any risk of securing funding going forward, although anyone thinking this is a guaranteed rocket is kidding themselves. If media coverage takes hold, then the hype train could fire up, and also just as likely get derailed if FIL Investment Mgmt, among others, continue their games.