They will likely have to raise again I would say. He said he had...

They will likely have to raise again I would say. He said he had enough money but was rather unconvincing and the whole thing was scripted big time and he does not come across as having any commercial nous. My guess is that they will get the first few orders and then want to do a raise saying they have huge growth potential. He was also non committal on how much of the 600M market they can compete in so its likely a small fraction i.e. < 5-10% so say 30M USD if they are on the ball also nothing was discussed on potential profit margins etc. Not very helpful for investors really and hence the rather poor reaction.