Quanta, it doesn't state that K-Tig is being used in that article. The CEO stated in his interview that they are hoping to get into that space but that's a long way down the track and they don't even have their certifications yet, haven't come up with the model that is refined enough and haven't even started talking to the authorities.
I will buy into this business when the CEO pops up in the the top 20 shareholders. Talk is cheap and the current quarter shows that cash burn will increase and that they will probably need to raise more capital within the next year to 18 months. Don't forget that they will need to finance all the machines and we don't know what the payback time will be once the customers start to use them.
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- Ann: September 2019 Quarter Activities Update and Appendix 4C
Ann: September 2019 Quarter Activities Update and Appendix 4C, page-17
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