To provide some further insights to the Capital structure of...

To provide some further insights to the Capital structure of SMX, 72% is held by strategic backers.

From my research T30 hold 80% that participated at IPO, most have gone to sticky hands

The BoD is in totally control and management of this capital structure and who they will allow to participate in the future 

they would have global investors already lined up for the next raising due to the demand, most likely partners similarily to Krafit on the register.
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Operationally as a business SMX employs agile methodologies and they have managed their cash burn very well aligned to deliver progressive commercial outcomes

Slow cash burn of approximate expenditure is only forecasted to be ~$1.2 to ~$1.5 max which is prudent in this environment as compared to the milestones they will deliver

their demand pipeline is high and SMX has the luxury of selecting only the right partners that offers enterprise scale for their future commercialisation efforts