I totally agree with you @Gonzarella. When I remove the emotion...

I totally agree with you @Gonzarella. When I remove the emotion of how P8ssed off I am with James, this has caused a great opportunity to double down. The options mean that a CR may not be necessary again for several years/ if ever ( assuming they are all in the money and exercised ). An absolute gift of a share price at the moment, but it will take until April/May news before we have a re rate higher on news.
When asked about the burn I like 2 of Jim's comments. He said:
(1) The best way to get the burn lower was to increase the revenue side of the equation, and thats their main focus, and
(2) In his previous start ups, un-dilutionary R+D funding initially made up a large percentage of the revenues, but eventually product revenues eclipse these revenues, to a point where he said that "the billion dollars in revenue from the company he built was 95% product revenues".

I fully believe that Jim can supersede his previous efforts with the BLG technology and infrastructure. I believe BLG will play a huge role in the quantum/AI evolution in the coming years and also be key in national security projects for both USA and Aust moving forward.
This $50m company is currently flying under the radar with only 4000 investors.
Fwiw, this CR and attached options remind me of the WBT CR at 30c ( $35m market cap ). The move upwards after the balance sheet was secured, was swift and steep.

Holdtight for the ride.