OK. Hows this summary, you are saying they took funds from the general public and didn't say have we have already built the board and tested the technology?
There are 2 investors. Mums and Dads (general public) and Sophisticated Investors. AZK/BRN has only raised cash from sophisticated investors. Not the general public.
If you read page 22, paragraph 5 of the prospectus you will see "testing to date showing significantly higher performance and lower power consumption as opposed to software solutions that are available to the industry today".
Risks in investing in BRN are listed on pages 11, 12,13 and 14 of the prospectus.
They aren't going to come out and say there is less risk because we have already built a small prototype (but it doesn't do everything we want it to do).
So he has a video on youtube, pictures of him showing the board, he had the board at investor presentations and they say in the prospectus TESTING TO DATE.
I think I get your point and you are wrong in assuming they have A) taken funds from the public and B) not disclosed that they have already built a board and tested it.
The general public have freely invested in AZK/BRN on the open market. BRN hasn't twisted mums and dads arms to give them money. Sophisticated investors bought more shares in the capital raising at 15.7c which was higher than the close at 15c.
To me there is less risk investing in a company that has already invented, built and tested the technology compared to a company that is building the first one from scratch. So from that point I don't understand your argument.
Now the technical differences between the board from 2012 to 2015 I have no idea what they what they are. Only Peter or Anil can tell us, (which they wont). Suffice to say he needed to develop it further to get it to market and needed funds to do that.
I read your posts a few time to understand what you are saying. How did I go? Did I miss anything?
Chart has potential, page-398
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