Most of our potential customers would be aware of SIBS. The previous CEO reigned during a period where signatures on contracts failed to materialise and I'm sure the Board has regretted the decision to set up their own factory in Thailand (what were they thinking).
The new boss has made the right noises but SIBS either becomes an industry standard or goes the way of the orbital engine - a good idea but not compelling.
I'm expecting the appointment of new overseas distributors means that sample units will be needed in those new jurisdictions, which might eat up much of the 500k that has been raised.
I've got ABV on the clock, patience running low.
ABV Price at posting:
0.6¢ Sentiment: Hold Disclosure: Held
