just had my first look at this coy, BRR, IPO pres, and last few...

just had my first look at this coy, BRR, IPO pres, and last few announces.

Think i have a fair take on things.....

The problem i see is cash burn,, 800k per quater, with 2.7 mill in the bank, will see them in trouble within 12m.

As he said, they just need to get some contracts, and open the flood gates to use the tech.

With a SP destroyed by the market crash, how do you go to the market, and raise captiol for another 12m without serous dillution....

Seems to me, to be a very inovative tech, and increse life of concrete buidings with reo and other water, damp problems.

Maybe he should go see Sir Allan Sugar or similar, and get a 50% stake not for the market value, but agreed value, ie at a larger SP. LOL, just finished seeing the British version of the apprentice few weeks ago.

cheers