CHART, page-243

I bought at 1.6 prior to the south korean and chinese patents and sold this week at 2.05. I originally bought based on the share price growth and unique nature of the stock. I know nothing about Quantum computing. This week, over school holidays I've been able to research it all a bit more and I think there are real concerns about the future growth of AXE.

1. there is a licensing agreement from Sydney University for the technology...does anyone have any idea what the terms of this are? As stated in the annual report if this agreement ends AXE has nothing
2. patents don't mean it is going to work and most of this research that underlines the patents looks to be a few years old from Mo's PhD and post doc days.... I imagine things move pretty quickly in this space and that there are many other more resourced and faster moving Northern hemishpere groups
3. I don't think AXE has a lab? its working out of Sydney Uni?
4. Is a small outfit like AXE, who is trying to progress the CEOs PHD work from a few years ago, going to be able to compete against the Chinese and Americans who have made this a national priority
5. The fact that this is the only exposure to Quantum computing on the ASX is a sad reflection of our failure in STEM more than anything else
6. Now the major patents are in place I can't see much happening for a long time and that's why people are starting to sell

Anyway I hope I'm wrong as it would be a great story. Good luck!