FBR 2.70% 3.8¢ fbr ltd

Ann: Change in substantial holding, page-35

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  1. 1,167 Posts.
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    “ Successful demonstration “ literally means that they have to provide a demonstration that the tech works.

    It does not mean they have to provide a demonstration to impatient shareholders.

    Sure , I’d love to have been there when they switched the Hadrian on and watched it do it’s thing or even have seen a video. But the company is not legally obligated to do this , irrespective of any shareholders misinterpretation of a prospectus.

    Rather , the company will probably focus their efforts on a successful Build 1 with which to graphically illustrate the Hadrian’s capabilities. This build and it’s ensuing video will form the basis for commercialisation of the tech and to satisfy share holders of the company’s progress.
 
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