Global exposure, page-276

Looking at the video, sounds like they don't know very much about FBR ("never hear about them before" or "think they might have build a house"). Clearly no real understanding, the technology's maturity and cost structure benefits. Also of the joint venture with potentially 300 Hadrian's. This is a lot closer to reality than they envisage (assume we pass the JV hurdles !).
I would however agree with them that it will be a long road as 1,2 or 3 Hadrian's do not make this business a success. They need 20 - 50 -100 to make this business a success and this will take years to build this number of machines.
Overall tone is a bit dismissive. Don't expect any new investors from this review.