Your correct with the above but this all hinges on a working Gen2 chip.
Your assumptions rightly so are based around the status quo (fair assumption to make as the demo was promised in 2014). With the EM partnership I believe (and we can't see it) that they have nailed it..
.. Yes EM cash has not come through but they are funding the fabs on that side which I think wouldnt be cheap..
Rework your thinking if they do get a working Gen2 chip over the coming weeks then none of the above will be an issue outside of the shitty optics and again I don't think that will be an issue as they will be in the money and faith will be restored.
Just a different point of view.. or a delusional dreamer guess time will tell..
Ask yourself why did Fred not loan an additional 3m to the business to get off the ASX shit list, I assume he's not down to his last 3m.
I am indirectly aware of some people with some big money stuck in this thing so there will be some serious blood on the floor if she tips.
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