No real takeaways from this report apart from obvious increase in expense and crap load of self admiration.Same old bullshit of 'look how good our technology is and look how big the market is out there'. No value added until you guys sign the first commercial contract and generate revenue. MOUs mean nothing, unless you use it to advertise and keep SP steady for your next capital raise. I have seen way too many companies in my life which were floated on an idea and could not execute programs. Your expenses are through the roof, albeit 2.5 times increase in general and admin expense? How? Guess who's scoring their own report card!
You have got some cash reserve to keep you going for next few quarters and I guess you will come up with fantastic meaningless achievement, pump the SP up and do the next capital raise. In your language....Equilibrium Economy!
SMX Price at posting:
40.0¢ Sentiment: Sell Disclosure: Held
