Concerns, page-71

I don't think the lay rate makes a difference for investors at this stage. For potential partners a little difference definitely but not sure a number achieved in the shed or outside the shed will get a contract. I don't think it will. I think people have grown tired of waiting on numbers. It needs to be ran in the real world and open for all to see, actually put in use and demonstrate a profit and the builder benefits. HX109 didn't do a good enough job.

For the SP to significantly rise in my opinion It's all about a contract or orders for heaps of machines (prior to much more dilution). Machines need to be purchased and ran by someone other than FBR, until then it still hasn't demonstrated it is good enough for the market and everything else is just words. We also have another CR incoming, probably similar to previous ones where discussions at AGM make people believe the opposite and then straight after boom a CR at 2-4c diluting a further 15%. Without an attempt to address it this will keep the SP down a little longer.

It has been mentioned by many others, but the lack of transparency is why we are here. Why they will raise again with a shitty SP. Why we're moaning and groaning about the shifting of goal posts.

Would have been much better for them to come in and say hey we have achieved (insert all new things here), improved lay rate but have retracted our original June goal and committed to a further 3 months or improvements to ensure all 4 new machines will be up to spec prior to market release. But instead, they went from June to months and placed the head in the sand and feet in the air. Need to sell the story and to sell it you have to believe it.

These guys are great at a lot of things but communicating, keeping investors happy, raising at and keeping a decent SP, meeting deadlines....

The only thing I can say is in fairness everything is riding on this machine; I don't think they get another chance and without the success of 110 they will simply be another company who were onto something but didn't make it. They will be experiencing a lot of pressure, they are feeding many families and proving their life's work. I actually have no problems with the further delay, just the comms and attempts at a healthy SP I would expect better after all these years.

Watched another YouTube video released a few days ago, same comments as always. People still don't even know what it is, how it works, why it can be successful, how it works. All you read is mortar, where is the mortar? will never work etc. Change that understanding to the masses and the SP will go up rapidly because the machine makes sense to everyone except Troopy.

We will get there, just hoping not a lot more dilution first. Prob another 2-3 years until we run a profit hence a healthy SP would go a long way to minimize the dilution from now until then.