Ann: FBR and Caterpillar discontinue MOU, page-153

CAT know exactly what FBR have created, they had an inside view we would all have killed for and an exclusivity MOU, yet the MOU was discontinued anyway and they sold their shares. Im taking it at face value until this company gives me reason to think otherwise.

I hope that is this morning, but by the wording of the Corporate Presentation regarding timing, its highly doubtful (12 months to build outside/build 10 houses with 2 machines). Were now years away from commercialisation, and another deal aint happening soon because they are now chasing funds and customers not manufacturing partners, other manifacturing partners are gonna say the same things CAT did. No deal unless its worth it for them. We took a massive step back with todays disaster. The grandstand is to drum up business because we are now back to where we were with the 105, just with a new machine and a heap of staff bleeding money.

So yes, 10 years

If we dont see any announcements in the next week then IMO the next announcements will be:
- Pierz goes back to CAT (I have a sneaking suspicion he is a CAT secondment)
- FBR office in USA is shut down to save cash (It was only there for CAT)
- MOU with Saudi Discontinued as no clear path to commercialisation can be met to meet demand for housing by 2022.

Again, i sincerely hope im wrong, but i think FBR were too cocky and it screwed us.