FBR (ASX) 1 of a kind in World NOBODY HAS DONE IT COZ IT&#039;S TOO HARD

Originally posted by Armsofanangel: ↑

FBR has been a R&D company developing a world first outdoor dynamically stable robot on a 30m long boom, which can stack the bricks of a house in a single day in rain or extreme cold / heat with 0 waste and sub millimetre accuracy. The reason it's taken 10 years to get to a point of commercialisation is that IT'S BLOODY HARD TO DO ... this nobody else in the World has done it to this standard ... yet.

The reason we're in a SP slump is everybody expected the CRH JV to go ahead and had it done so we'd probably have HX 4 on a ship heading to USA and HX 3 on site servicing builders one house at a time.

If we start building through 100% owned WaaS and see a great profit margin there are financiers ready to front $40 million to fund 20 machines and our very own JV would lease them ONCE THE COMMERCIAL MODEL IS PROVEN TO GENERATE REVENUE.

Although we were ready to prove commercial success 17 months ago it was the proposed fast track method of partnering up with the world's largest materials company that became an issue.Let's look back over the timeline...

Jan 24 sign exclusive JV option with CRH Ventures, this means as far as doing any business regardless of who or where in US enquiry comes from ... we can only negotiate through CRH. In effect at this point all our eggs were in one basket.
Feb 24 finish Factory Acceptance test FAT in Perth for CRH JV option.

Mar 24 start trading on OTC usa stock market.

May 24 HX110 leaves for Florida.

July 24 HX110 arrived in Florida, anticipation in market takes SP to 6c the highest it got for 2024. Market was anticipating successful JV.

Sep 24 HX110 completes Site Acceptance Test in Florida for CRH.Took 2 months to re calibrate HX110... way too long and amongst further CR's SP dropped to 4c.

Oct 24 built first and walls of second home for CRH JV. Oct 24 2 x cyclones delays.

Dec 24 completion of 9th house.

Jan 25 CRH agrees 9 houses completes the requirement so 45 calamder days to sign option begins. Now I believe at this stage CRH Ventures were ready to sign but had to sell it through their risk and approval department at parent company CRH who'd be ponying up the $40 million for the first 20 machines.

Now during this 45 day lull FBR were gearing up production so they could build the next 6 HX110'S and had job agencies in USA short listing staff... spending as if we already had the JV signed.

But niggling doubts started to form and an alternative narrative was needed so hastily arrange a build with Pulte Group, TV, fan fare ...

Meanwhile back in the CRH risk department they are doing the numbers and they don't add up ... in order to sign even a mid sized builder to switch to robotic brick stacking they'd need 5 machines which if the speed of the last three could take 2 years... meanwhile CRH would need to fund the Venture to keep its head above water whilst they waited for more HX's.

Feb 17th the unthinkable happensNo phone call from CRH Ventures A CR which was expected to be above 5 is done at 1c, staff head count cut 70%, directors pay cut, CEO falls on his own sword.

Good news there is a plan B ... start talking to all builders, hedge funds and financiers who FBR was gagged from talking to for 1st year in USA... this will take time.

Back in Oz change the HX 4 to Australia RH drive and amp up discussion which had been parked for 12 months and bring forward secondary robotic uses Samsung Heavy Industries... and soon Mining machinery ... this also takes time.

Press hard wifh both federal and state governments for grants and builder incentives to use the environmentally friendly HX110. I'm quietly confident that we'll start generating revenue by July.

What I'd like to see is a franchise model where one franchisor takes on the USA market, buys 20 HX110'S and lists on NASDAQ through an ipo in 2026 with a small percentage of shares allocated to all FBR shareholders proportionatly and the franchise to pay per brick laid ... DST royalties.

Then simply repeat in Australia, Europe etc etc.Then FBR can operate as an R&D company spinning off entities like mining and ship welding robots, roof tile stacking and rendering robots... and whatever else pops put of Mark Pivacs genius mind.

I believe the 3 institutional investors FIL, M&G and Brickworks who have supported the past 10 years of R&D and through Brickworks for past 20 years. Remember.ber when FIL invested $17 million at .19 cents around6 years ago?

These institutions are long term funds and I believe will continue to support FBR until it is a success.Not up ramping just looking at positive scenarios. I've waited 20 years ... I can wait a few months more. DYOR

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Very nice summary , particularly agree on CRH risk dept assessment , seems most likely reason.
Isuzo HX 4 being changed to RH drive, news to me?
Know why US did not want HX4? Because not USA truck?
I believe FBR already had a RH drive Mack truck , ie original HX 3 and 4 plan.

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Very nice summary , particularly agree on CRH risk dept...

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Very nice summary , particularly agree on CRH risk dept...

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