Are you implying that farmers with these 1.5 billion cattle,...

Are you implying that farmers with these 1.5 billion cattle, mostly in paddocks, mostly simple meat production or dairy cows that walk themselves to the milking shed at 5 am morning.... want to electronically monitor their stock so they know what part of the paddock they are in?

The farmers, in the overwhelming majority of cases (I'd have a stab at 99%) don't want or need that level of informtion.

At the other end of teh spectrum, e.g high worth Wagyo breeders and meat stock; are kept almost like pets. They aren't wandering around and have their fat levels etc... monitored daily anyway, so the they don't need the tag. The tag is actually replicating what they aready do with technology.

So the market is somewhere in the midde.

How big is THAT market, is what you need to be asking yourself (I don't know)... And what % of that market is a) wanting this product; b) not going to be snapped up by some alternative tech soon (Nano don't ahve the patnet on eartags, or ectronics, so this technology is EASY to replicate using different language and componentry.

They are the numbers you need to be analysing here, and noone has come remotely close to addressing them.

I would ask...If this company LISTED separately would you have bought into its IPO? (For a $6 million raising).
What timelines would you ahve expected of this ASX listed entity, 2-4 years?

Same applies to Se1, it will be 2-4 years before SE1 gets any benefit from the investment other than SP speculating, and it may then turn out to be an ongoing loss maker, as it has been for the many years to date; if it turns out brilliantly it won't see the double speculation (nano to Se1) rewards until it's cash flow positive.