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Hi @toastyWe are required under the option agreement to seek the funding anyway before the end of 2023 if I remember correctly. So its a case of sooner rather than later. And as previously observed, KS has proven adept at timing the calls when it best suits the company........
If the pending chip run is a major supply order rather than a "proof of concept" for a new version, it stands to reason that the client would be required to stump up a sizable deposit, big enough to cover our initial costs of production. And consider this. If we have received an order for a major supply of chips there would certainly be a substantial $ figure attached to it, which would necessitate an ASX release - which we haven't seen. Additionally, if its for large scale production of our commercial product (at this stage only AKIDA 1000) why do we need to go through pre-production processes? To me these things seems to put to rest the idea that the funding is for a major production run.
I think there is a clue about the nature of the chip to be produced in the statement that we will also be releasing a substantial upgrade to our IP at, or near, the same time. All this convinces me its AKIDA 2000 (or whatever its going to be called) they're alluding to in the statement about the option call.
Remember, these are my own thought bubbles, not fact or advice.
You could be correct I am just not certain. I should clarify what I mean by major production run I am thinking along the AKD2000 commercial chip production which was in the thousands and probably guessed to be 7,000 chips not ten million or the like.
Tod Vierra raised the AKIDA USB issue again in the lecture to CMU students.
I see no downside in all of this it’s just I cannot get past something has changed.
My opinion only DYOR
FF
AKIDA BALLISTA