Yes , both bob and beaches, some validity in what you each say....

Yes , both bob and beaches, some validity in what you each say.

BUT ( A very, very big but), you need to remember that Gen11 is 8X LOUDER , has achieved much better( even resolved?) internal interference control and can be priced much higher because of the market it will address.
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And EM, having spent some tens of millions to date plus patents on manufacturing processes is ,or is close to, having a production capacity of 50 million chips pa -already at this very early stage.…

IMO the share price is not going to be waiting for production, nor for actual sales…..it will have true lift off when the feedback comes from the majors who will be receiving packaged chips for their own assessments by September……. And we will be seeing and hearing Gen11 ourselves before that .
so , what’s the risk ?
if it was 90/100 five years ago, say, then it is about 20/ 100 now, and will be 10/100 in a month or two. One can argue these numbers, but they are irrelevant, because the share price won’t wait; with any reasonable professional/ institutional demand- say 1m shares ( only $14 m at today’s price - equivalent to a single small/ medium sized fund manager’s appetite) in a stock with only 30 m shares on issue, of which at least 15m are in tight hands , there is a massive and chronic undersupply of stock. So ,now that we have heard - and the world can now also hear, the quality of Gen1, what is the probability of someone jumping the gun?

wait and watch.