Very good outcome here. I'm interested to see what patent strategy work finalised means, must be some movement there. Reducing costs by $1million with a market cap of $5million is a big big deal.
It's also a no brainer with the directors taking a pay cut. Directors in a company like ID8 should either be independently wealthy and don't require income or people willing to back themselves and a company in by working for equity.
good job
Ann: $1.0M in Annualised Cost Savings to Further Extend Runway, page-3
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