Asset-Backed Lending: A Smarter Alternative to Further Dilution

Given the significant investment made into developing Hadrian X, FBR owns valuable, tangible assets — including physical machines and a large intellectual property portfolio.
Instead of further diluting shareholders at depressed prices, FBR should seriously consider asset-backed lending.

Key Points:

• Leverage Existing Assets:

  • FBR owns Hadrian X machines ready for commercial deployment.

  • FBR holds approximately 140 granted patents covering automated bricklaying, construction robotics, and supporting technologies — protecting the technology globally.

  • These hard and soft assets could be used as collateral to unlock funding.

• Immediate Cashflow: Asset-backed loans typically fund within weeks, faster and less damaging than issuing new equity.

• Preserve Shareholder Value: No further dilution — shareholders retain their proportional ownership and upside potential.

• Lower Cost of Capital: Even at higher interest rates, loans secured against assets are far cheaper than issuing new shares at today's low valuation.

• Focus on Execution: Repayment can be linked to project revenues — incentivizing FBR to deploy Hadrian X aggressively.

With millions already invested into machinery and intellectual property, and a growing need for automation solutions globally, asset-backed financing deserves serious consideration before any further share issuance.