Hey Copperheads,
I was just reflecting on the awesome read outs from the AGM, many thanks to those contributions which I found very enlightening.
It occurred to me a few things may line up.
1. Management has very successfully hit performance milestones - sometimes to our chagrin.
2. Next milestone is $10m in revenue for June 2020?
3. Anecdotal report from AGM - JV partners will pay the capital portion of new Hadrian X construction.
4. WB has allocated some $47m in innovative technologies- a portion of which is FBR partnership.
What if WB or BW pays out the $10m to FBR to pay for Hadrian X construction, that money would be booked as revenue, FBR will claim performance shares and the capital assets (hadrians) will belong to the JV companies.
Ticks some boxes...
I personally like these guys operating style. Mr Market hates it as he has an attention spans that requires constant validation and doesn't work well with ambiguous low information environments.
Let's wait and see..
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Hey Copperheads,I was just reflecting on the awesome read outs...
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