Up or down for Xmas, page-13

Let's put on our logical hat to think about this. Before the acquisition for the new spectroscopy patents, PSY had just enough money to last about 2 years without a CR. And now after the acquisition, it is much less.

I believe if management didn't think we could get revenue from spectroscopy in the short term, they wouldn't just throw $330k at it for nothing. Also, Terry and Aidan holds more shares than most of us, I'm sure they wouldn't want their shares to get diluted further with another CR.

And for Terry to say that the Spectroscopy acquisition is the biggest announcement PSY has had to date, is saying something, and much more than any of us can see/understand.

IMO, the next 12 months will make or break management's credibility, although most would agree that they have lost it already.

Nonetheless, surely the head of MRG at UWA will know a little more about our strategy than current SH and here's their comment:

“We rarely consider ownership transfer to commercial partners, however, PSY have demonstrated a commitment to MEMS technology and have a clear strategy to commercialise the spectroscopy technology. PSY are an excellent collaborative partner and this is evident from the progress towards commercial outcomes for the LumiMEMS Reader.”

I don't think something substantial is too far away, not in LT view anyway, probably sometime between now and EOFY. We all know what the SP can do with some real news, I'm just waiting for that day to come, while we slowly slip away on next to no volume.