You get the drift. Money pit of US loan, Capital raising Sophs. Massive expenditure. Missed deadlines, missed forecast revenue. Disappointing, hence no investors and less than 1% of SOI do the rounds on ASX.
Could they do things better? Absolutely, drop the Cryovacc, drop the Phase11 and get Phase1 up and running without missing parts.
Renergen General Discussion, page-68
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