Ann: Next-generation Hadrian X Testing Update, page-35

Re us small investors .FBR share volume has tripled, quadrupled over the past 4 or so years.Lots of dilution , unfortunately.
Nearly all the money for the extra shares from CR has not come from us.
The CR has kept us small investors alive , in the game , otherwise like a lot of start ups , FBR would have folded.
Who are the investors in capital raises ?I doubt they even trade , except in major blocks off market .
The relative volume of shares traded , even at these low prices does not suggest any big investors running for the exits.
IMO FBR care about the CR investors not us , except for the statutory obligatory requirements of a ASX listed company.
Again IMO , R&D company for such an innovative , potentially transformational change to the industry , operates a lot in secrecy and indures setbacks quietly.I think Mike does a good job keeping the company alive , buying time for Mark to get it right and at the same time create opportunities when ready.
Just providing another view , Pivacs have plenty of skin , shares yo want it to be successful.