I would prefer to get my information from the quarterly Appendex 4C.
They do not spend $850K per month.
The report did not mention the refund of 60% that the French Government repay for R&D conducted at Leti. They assume that $10m will be spent next year, infact the net amount based on their figures should be $4m. One more thing that Coby has mentioned at an AGM is the French Government Pay 130% of the wages on all post graduates hired in their first year. Not bad their salary is paid and WBT collect 30%.
They did mention that $4,548,000 in options were excersised, but failed to mention that 36,000,000 options at .45cents are due to be excersied
in January 2022. They are well in the money. This aquates to $16,200,000. They have failed to mention that.
Research companies churn out reports, people take them as gospel. Far to often important information is not mentioned.
Now any one reading that report and not knowing any thing about the company has been denied important information.
That is why everyone should DYOR
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