Part of the problem is that
- It has always been too easy to raise money without providing a return on investment.
- Have been able to provide themselves with ongoing performance shares.
I don't think anything has changed. I don't see meaningful revenue anytime. When Mark spoke, he mentioned how things take time, well, guess what this company has had time, years and years. 2020, FBR was supposedly ready, and it is now 2025, and we don't have any work with our machines. Only one commercial model is sitting idle overseas, even after a CR was specifically for the completion of three machines. Where is the accountability for that?
If customers wanted this machine, it would be built now. The historical comments about the demand have been bullshit. It is just more excuses to deliver the same. Sadly, Mark has become CEO, a good bloke I'm certain, a smart man definitely, but a business leader who has been adapting under the previous performance of FBR is not what FBR needs in its last dance.
This last video felt like we were going to see more of the same; the language was the same as previous years, and the results will very likely be the same. These guys aren't deal makers and that is what is needed.
Let's see what Samsung brings, but to date, nothing has brought anything of value. This may be the same. Regarding HX, how do they sell work when they don't have machines? I hope Samsung puts a rocket in the SP so I can bail without too much of a loss, or a takeover happens. I don't want to spend years invested in the same, and it feels like all we will see is more of the same.
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