Equipment failure is a BS excuse - the chip failed. If it was successful they would say so - its been 6 weeks since they started testing. They know.
If it worked all they had to do was put out an interim testing results announcements with results so far.
There are no results - that's why all this BS has happened - they are scrambling. If they pulled another PL 3 announcement the SP would be 1 cent today.
This is why all this has happened.
There will be no PL 5 results - because it failed. They have covered continuous disclosure obligations by saying learnings from PL 5 have been incorporated into PL 6 "just in time". But it pure an simply failed - and this is how they are avoiding disclosing that.
Hail Mary now on PL 6 - but 1 % chance of success after PL 5 failure.
Again - now use your logic and common sense:
6 weeks into testing - they know if it works or not - all they have to do is put out interim results announcement saying PL 5 was success, here is what we know so far, with more testing to come to confirm and elaborate. If you believe anything else then you are delusional.
There would be no 6 cents per share, there would be no failed cap raising, and there would be no angry shareholders dumping shares.
They couldn't do that because the PL 5 chip failed.
And where is there any mention of what the black box actually costs to be built - and who will be building it??? This infineon thing is just to "design" There is no mention of build - just a wishy washy throwaway comment by Dave that "it will then go back to IMEC to finish it off." What sort of vague garbage is that??? Even he has no idea how it will be actually built. They don't have money to fabricate it, and they havent explained how and who will build it and at what cost. That will be be another 5 mill and another 6 months waiting.
Wake up people you are being stooged.
With further scrambling, delays and further stalling BS, there will be no news now until april/may - when they will announce failure of 20 nm PL 6
Between now and then stock will drop and drop like it always does between news - but this time it will be to 2-3 cents as nervous nellies can't take the heat.
Then boom - PL 6 failure announced in 6 months and game over.
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