Feeling like its all cooked. Even if they can land some pilots the evidence to date is that it takes a long time to test, validate, integrate and then get to commercial terms. Even a generous 'mates rate' cant keep Joondalup on the hook. E-lovu is a lot of huff n puff but they pulling in small fry and HMD only receiving the krill (enjoy your fishing Dunno!). Cash burn obviously too high relative to success yet can't pull back spending as there is no revenue to lean on. Need to land multiple deals (pilot trials first presumably) to be able to attract a cap raise terms that dont dilute us all to oblivion.
I appreciate what Ron is trying to do here in turning the ship around; the tech is sound and approach seems well considered, but I can't help but think it's all a bit late in the game for a cash strapped minnow in a bear market.
best bet in my opinion is a technology buy out....hello Phillips are you out there.
HMD Price at posting:
5.5¢ Sentiment: Hold Disclosure: Held
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