Ann: Departure of CEO, page-226

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Gerrado

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17/07/24

19:34

Post #: 74800832
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Originally posted by Gerrado: ↑

I hope they don’t continue with Pitt St.

Its so high level, and provides opinions without much reasoning, offering little confidence.

I wonder what their current valuation would be now noting:

”Key man risk: We believe that Dr. Mohammad Choucair, with his extensive scientific background and networks, is the main driving force behind the development of Archer Materials’ technologies. If, for whatever reason, Dr. Choucair was no longer able to lead the company’s product development and commercialisation efforts, we believe completion of both projects would be in very serious jeopardy”

Frankly, I don’t hold the same belief as Pitt St, networks and knowledge can all be transferred, and additional expertise can always be acquired if needed. As much no one really likes to think they can be replaced, truth is, they can in one way or another.

I’d be surprised if the CEO wasn’t delegating and building a formidable team. He’s got a fair bit at stake to incentivise a solid transfer to the next CEO.

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I should also point out the latest Pitt St report didn’t appear to highlight Archers miniaturisation and functionality at room temperature.

PsiQuantums device will only function at -269 degrees so they won’t be very “mobile”.

Maybe the Aus Govt got it right, and maybe we’ve got it all wrong and there isn’t a commercially viable application for mobile quantum devices (like phone encryption, guided missiles/defence)….

But if a research analyst didn’t pick up on the difference and potential applications, how can an investor (incl Aus Govt) be expected to?

AXE Price at posting: 28.0¢ Sentiment: Buy Disclosure: Held
7 Upvote

2 Great analysis

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