People have always like to use binary outcomes like this works...

People have always like to use binary outcomes like this works or doesn't work, it failed, it didn't fail, a view that is far too simplistic. They are trying to replicate the cell performance as an integrated chip where the cells are placed and stacked and addressed as a functioning memory chip.

If anyone has paid attention to the development of almost all hardware technology, they would notice that over time and through manufacturing experience they get better, faster, more efficient, smaller, denser etc. we are obviously at the very beginning of this cycle trying to develop the first fully transferable fabrication compatible process.

Having said all that, taking all of the company's updates and announcements into consideration, including the recent AGM, I expect this to be their last capital raise, if they are doing it again come June 2021, I am not sure I will have the same confidence.