There are many R&D companies on the ASX making huge losses over...

There are many R&D companies on the ASX making huge losses over the last 10 year period, just waiting for something to catapult them ahead

TEE in the spac of new technology which requires capital input for long periods - Beam is showing a profit, and this will flow through to the bottom line over the next few months if not already

If Ian took a $100k pay cut it would have an immaterial effect on valuation or NPAT, given revenues are predicted to exceed $20m this FY, going forward at current growth rates his wage will have less and less of an effect. Better to vote yes to additional options with high exercise prices, if you think he needs more incentive, at the next AGM.