Ann: Trading Halt, page-58

either is possible.

1. If they are indeed running an additional short loop cycle that will impact July timeline and push it to September - then yes you would probably update market. Some investors may not like waiting another quarter.

Alternatively,

2. If they have indeed nailed the short loop, then that is probably something that you would update the market on also - because it is strong indication that PL3 will be successful and finally we get the Mb chip. That would be a major rerate to the north.

So yes - either side of the coin warrants a TH for the update.

3. If there has been an imec equipment fault that resulted in a bad batch then that would push Mb chips back another 3 months also.

We all hope for #2 because that gap to 14-15 cents closes pretty quickly and we are right back on track for corporate transaction in the next couple quarters.