Ann: FBR MST Access Micro and Small Caps Conference Presentation, page-31

I don't understand how Hadrian building walls vs a bricklayer building walls causes a greater chance of cornice cracking?

There seems to be a reasonable argument over building techniques, stick versus double leaf masonry. But it's pretty clear now that Hadrian can build residential and commercial.

Once walls are up the process from there doesn't care whether it was a metal or carbon based lifeform hand that did it.

You've been bang on predicting some of the issues that Hadrian would face with builds and getting certification, but you've been wrong predicting it wouldn't happen. So far FBR have been able to navigate building regulations successfully.

The conversation from here is now not if Hadrian can build, but can it build profitably and are there enough Hadrian suitable building sites it can win to justify the R&D costs spent.

As far as investment quality goes, well, good luck with that. Management have showered themselves with free shares (in my view class B have still not been earned, that being 10 structures built), have lots of dilution from cap raises coming and continued low ball performance hurdles. The reward side of the equation for holders is severely curtailed (20c is an extremely hopeful target) while risk is still huge.

The winners for FBR will be management, so many other options for 4-5 bags on market with far less risk and far shorter timeframes.