Higher base price before 2nd tech ann, page-29

very hard to make projections on likely future price rises upon the next announcement. Previous price rises were based on wildly optimistic expectations of imminent revenue as a result of earlier announcements. Now we have experienced considerable disappointment, we have much more realistic expectations of how long it takes to put this technology into the market and generate revenue. Future price rises which be much more dependent on the realization of revenue, which I expect will show up in the next couple of quarterly reports. A significant re-rate is on the horizon, but probably not until after April '18, unless there is a surprise announcement of significant revenue receipts in the interim.