Nah.
Doubt it.
even as they launch PL4 they will have enough cash as is.
One question to ask may be:
Does the company expect to negotiate a further 12 months extension with imec?
I would suggest the answer is yes.
even when PL3 blows our socks off with results, they will continue to refine whilst they simultaneously launch the commercialisation/ negotiation process.
That means PL4 will start at Stanford/ imec whilst invited participants get to play with demo chips.
A TO offer could land on BoDs desk whilst PL4 is still in the oven.
Ann: Quarterly Activity Report & Appendix 4C, page-53
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