Kappa - I remember the pre-revenue research report completed by...

Kappa - I remember the pre-revenue research report completed by a broker on FMG. The shares were trading in their teens (this is before their 10:1 share split) and the broker valued the shares at over $100 based on ‘potential’ earnings. Within 6 months the sp was over $120 still with no revenue. Yes, the chip still needs to be finalised and that’s why it’s not trading at a considerably higher price.

Joe - I wondered about the lead times as well.
I would have thought production within 12 months.
You may recall Danny’s Interview about April 2018 where he thought they would be in production as he said ‘touch wood‘ by the end of the year (being end of 2018). As we know they subsequently had unexpected problems in finalising the chip however based on this he was looking at lead times to production of around 6 months.

Spozzie