PO3 update soon?, page-7

Steve Morris was chucked off the board last year so that BP could become chairman and take this to market. Of course it all looked 'friendly' to observers.

BP didn't last a year as chairman and left very suddenly, without health being mentioned as a reason for leaving.
In the annual report Steve Morris's share holdings were still around the 245k mark (Targo). I imagine he would be a bit peeved at what has happened with the new chairman's resignation.

There have been around 500k shares traded since the beginning of August, which is higher than usual trade for Purifloh, with most of it selling (happening at the bid). That type of volume would suggest 'some' larger holders have been happy to lighten their shareholdings at these prices that are still well above what they were 2 years ago.

Without an announcement about some type of deal with an OEM, why should the selldown stop??

While it's obvious that any deal with an OEM would be short term bullish for the share price, there is currently no indication that anything other than what is written in the Annual Report is happening, and I quote from pg 5....
"Currently the Company is undergoing trials of the FRG technology in these applications which in some circumstances, depending on the specific application, requires optimisation of the existing core technology to maximise performance."

That doesn't sound like a product about to do a deal with an OEM, more like 'more testing'. It is also at odds with the announcement  from 3 years ago in terms of market readiness, ie 'final design, packaging and cost' (Dec 11 2017).

Considering other companies have their own pulsed plasma generators already in the market, then what exactly is the advantage of Somnio's FRG unit?? I get that it might produce the reactive oxygen species more efficiently than others, but how is that a commercial advantage if the power use of all of them is fairly low anyway??

The company needs to start giving out some real information to markets if they don't want this going back to 50c or less IMHO. Without naming the OEMs at a minimum the testing, results, and changes in/with the technology should be released to the market, especially as they will have to raise capital soon.