G'day Varuka, while it's true Wednesday's Announcement didn't...

G'day Varuka, while it's true Wednesday's Announcement didn't contain many details of Linius' business plan - and I would assume they will be roadshowing the Company shortly to flesh out some of the particulars - there were the four "Milestone" events listed, which you'd have to think offer at least some hint of the way ahead.

On the occasion of the achievement of each of the following events, 50,000,000 FIE shares will go to the post-Acquisition Linius group (Announcement, 28 October 2015, p.4), so you'd expect management to be well-focused on their attainment:


Milestone 1 – Linius enters into an agreement with Digisoft, Cork, Ireland for a limited deployment of its technology with the objective of demonstrating personalisation of video streams;

Milestone 2 – Linius completes an alpha release of its technology demonstrating Linius’s core patent claims, namely that the technology is able to (1) index content, and (2) disassemble and reassemble content dynamically;

Milestone 3 - Linius enters into an agreement with a third party (unrelated to the party under Milestone 1) for a limited deployment of its technology with the objective of demonstrating removal of the requirement for transcoding of video and reduction of storage. This deployment will be in partnership with a tier 1 transcoding and/or storage partner, likely to be a content delivery network;

Milestone 4 – Completion of a limited deployment of its technology, the material deliverable from which is a third party (which may or may not be one of the parties under Milestones 1 and 3) provides a report on the outcomes of the deployment and likely market sector impact.


It'll be interesting to follow FIE over coming weeks.