Khenderson, I agree with most of what you are saying, but we must also acknowledge that when Ewan and David took over, they inherited a complex situation - basically a mess.
The first year of their leadership was primarily about navigating the mess left by Eugeni/Previous team and finding a profitable path for Life Sciences. They had to figure out how to turn things around after years of stagnation with Mix and No, and other products and collaborations that went nowhere.
It looks like they've finally found their niche with the NXT product and are making strides by partnering with the largest vaccine manufacturer in the world - which finally gives us some recognition Kudos to the team.
The Energy sector is on a similar path. The main issue is that testing with large companies takes a long long time, but the potential rewards are significant. The company now needs to focus on going after the low-hanging fruit for quicker wins.
The Ferroglobe lawsuit also caused a massive setback. No one was going to sign deals while our technology was in dispute.In my view, David has really started to deliver somewhat results since March which really leaves him about 9 to 10 months of really trying to drive us forward.
Of course, having top-tier staff comes at a high cost. While there are other ways to avoid dilution, I believe it was always inevitable in this market, given the uncertainties around potential deals and whether anyone would invest. Yes the raises were questionable but the coy needed the money and could they have done it a different way potentially but having hindsight makes everyone a financial expert of sorts we weren't in their shoes or the pressures they were under for all we know they may have tried different avenues or lenders and they all may have said no for all we know.
Anyway the past is the past it's not going to change the outcome - Now is the time. We have the cash, a world-class team, and, dare I say, an experienced management team.
The next three months, the company needs to close deals and prove its value otherwise it's not going to end well ( basically more raises).
Mercedes Design freeze is due by end of month the coy needs to communicate whether it's delayed or it's a No - they owe us at least that much - be upfront with shareholders - silence is not golden.
Cheers
M.Oz
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