Ann: Chairman's Address to Shareholders, page-102

Not sure if there were beers. But certain there were spring rolls, bacon egg tarts, coffee.

No, didnt leave with a sour taste. Yes, end of bridge seems a bit further than before.

On the other hand, some heartening points to take home:

- CAT is not everything. Interest from other big manufacturers.

- Repeated emphasis on being an robotic technology company. Not a construction company.

- Selling the tech rather than machinery. Did we over emphasize on CAT importance?

- Determination to hold onto IP. Multiple application and income across industries.

- Income streams can be base on IP royalties (e.g. per brick basis)

- DST IP heavily guarded by dedicated team.

- Acknowledging PR / communication needs to step up.
(One shareholder / engineering lecturer gave a scripted piece of his mind. Duly accepted by the Chairman.)

- Not rushing commercialization. But trying to get it out in best way asap in a world "impatient with technology" (Mike).

Some of us do realise FBR is a long term bet. Years, not months. A bet it is and still risky as of now.

Months ahead into 2019 may be torturous, tantalising or jubilant.

FBR may or may not be the next world beater. But if it does achieve even moderate success / conservative targets, holders who got in in recent times can still reap huge rewards.