I am a little baffled by this report. They are either really shooting for the moon in the next 2 quarters or justifying the need for a CR with padded numbers (when they initially said they have cash for the next 12 months)
The forecasted budget for research and development is almost $2M. That is almost the same amount they spent in research and development since they changed to WBT on the ASX.
What could they be doing that is that expensive in the R&D department? Are we looking at a fast-tracked fab qualification? Maybe we already have a partner, they just have not announced it and saving it for SP recovery after the CR.
Any thoughts anyone?
Ann: Q1FY19 Activities Update and Appendix 4C, page-34
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