Whilst the IP no doubt has value, unfortunately the 4x HX's are worth nothing (slight exaggeration ... just scrap steel value). This is in fact FBR's core issue. If it could borrow against the capital value of HX's, they could potentially set up WaaS themselves with these a collateral for funding. This was a comment by FBR that they could not borrow money against these machine as they are a single use machine for laying bricks. There is no market to onsell these trucks. If they has WaaS operations already in place or already had other companies using these machine it would be different. This is why they needed 3rd parties to fund WaaS.
FBR Price at posting:
0.7¢ Sentiment: Buy Disclosure: Held
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