Ann: Company Secretary Change, page-21

How do you arrive at the "Institutional Investor" stage for TNG from this graph?

I would say TNG is before the Institutional Investor stage because if you look at the stages along the horizontal axis, TNG is not in development. When TNG receives finance and starts development, then you will be on a long, slow climb back up compared to the steeper speculation climb.

The development stage in this graph is 2 years.

A credit to anyone who has ridden this stock from the early days. I wish you all the best with finance and subsequent production. TiVan is an interesting tech. I am sure many keen eyes will be glued to see how it all pans out.