FBR = Funding Bad Results
**Capital Raises to Date:**
Over **A$50 million** raised through multiple placements and share purchase plans.
Shareholders chipped in again and again… the share price? Not so much.
---
**Missed / Failed Opportunities: At Least 11**
Let’s play *“Where Are They Now?”*
- **Caterpillar** – Dug out.
- **Saudi Arabia (50,000 homes)** – Buried in sand.
- **Mexico (GP Vivienda)** – Ghost project.
- **Perth builder (Inspired Homes)** – Quiet as a brick wall.
- **Wienerberger AG** – Blocked and dropped.
- **Xella** – Tested and exited.
- **Samsung Heavy Industries** – Still buffering.
- **Liebherr** – Mixers on standby.
- **UAE Ministry of Energy** – Sunburnt and forgotten.
- **Florida MOU** – Built 9 homes, built no momentum.
- **WaaS® (Wall as a Service)** – Wall as a Concept™. Still no evidence of scaling or profitability.
---
**Pivac Performance Bonuses:**
In 2022, Mike and Mark Pivac were each granted **50 million loan-funded shares**.
Milestones achieved: collect bonuses.
Share price performance: still under construction.
---
**Pivac Wages:**
Because building dreams is exhausting.
- **Mike Pivac (CEO):** A$466,401 per annum
- **Mark Pivac (CTO):** A$477,500 per annum
(And that’s just the base—not including share perks.)
Performance optional. Pay guaranteed.
---
**But Wait… There’s More!**
Another A$6.3 million!
Will this finally lift the share price?
Probably not.
But it will definitely help pay for:
- More executive salaries
- More Hadrians that don’t pay themselves off
- More trips, trials, and “transformational” updates
---
**Keep polishing this turd if you like.**
We’d hate to see the Pivacs forced to get real jobs.
(20min delay)