Ann: FBR completes $16 million placement, page-38

these sorts of comparisons with history are often cute, but forget the quote....

The late, great economist John Maynard Keynes always said, "When the facts change, I change my mind."

The facts around personal computing devices over the last 20 years are nothing like the facts about the laptops of 1985. Therefore everyone changed their mind.
Same with the cars of 1902. The facts changed over the years and therefore everyone changed their mind.

At the moment the facts are that FBR has
* never produced a quarterly or annual financial report with revenue in it.
* no capacity to commercially deliver WaaS at scale to paying customers.
* no binding contracts with any large partners of significance.

Hopefully one day those facts will change.