Ann: FBR 2020 AGM Presentation, page-11

Key takeaways from the AGM:
1. Decided against answering some questions that were posed (using mine as an example but can see others had the same issues) or provided lacklustre responses noting however that they did have the power to moderate questions. I also suspect that the ASX ruling regarding continuous disclose may apply
2. Terrible justification of resolutions 5 & 7 (Short Term Share Loan Fund Scheme) - I hope that the resolution is not passed as to me, it seemed like even Grellman didn't think it was justified given the companies current state.
3. They've commenced Phase 2 of the Global partnership agreement with Wienerberger. I can't find a specific mention of a 'Phase two' in the original announcement (https://hotcopper.com.au/threads/ann-global-partenership-agreement.4414049/) unless they're referring to the commencement of the pilot program which is now being done in WA due to COVID-19? I would have thought that this point also falls under a lack of continuous disclosure?
4. COVID-19 has impacted their commercialization progress, both domestically but particularly overseas. Noting that the adhesive needs to be guarded to prevent tampering before it is brought before the relevant building authorities for testing of the Fastbrick Wall System.
5. The Gulf of Carpentaria, North America & Europe are their main target markets. Note that Mexico (GP Vivienda) is included in North America.
6. They state that they have had significant interest from North American (USA) builders... I guess we will see how that eventuates?
7. They have had significant interest from Tier 1 Western Australian builders... I guess we will see how that eventuates?
8. They are doing a roadshow/presentation in Q1 2021 which will HOPEFULLY answer commercial and technical questions as well as provide an insight into their facility.
9. The Hadrian 110 will have an elongated boom making it able to build two storey houses from the street.
10. The Hadrian 110 is in the design phase and is still some months away from completion (i.e testing), noting that no specific timeframe was provided.
11. Mike states that they COULD create WaaS entities in the GCC, NA & Europe right now if not for COVID-19 & the issues surrounding it.
12. In relation to point 4, IMO, COVID-19 has been helpful for FBR to explain the lack of commercialisation in aforementioned regions. From a OH&S perspective, this is true but critics will say it's actually due to technical shortcomings of the machine that are being masked by COVID-19.
13. They are in talks with multiple OEM's (Original equipment manufacturers) regarding the manufacturing of the Hadrian 110 (or components of the H110) for scalable commercialisation. I guess we will see how this eventuates?

All in all & IMO, the AGM went about as well as expected; reiterated stuff we already knew besides a few points mentioned above that I didn't know. However, the presentation scheduled for Q1 2021 should be really interesting and additionally, I am hoping that FBR do a bit of damage control before then, particularly if some of the resolutions are knocked back. Mike implicitly admitted that the institutional investors are saving their asses right now but IMO, they need to regularly provide shareholders with updates which should equate to elevated confidence in the business & the management team, thus a positive uptick in share price.