Gidday All,
Just some thoughts.
With
around 20 trading days left before all this LDA Capital selling has been completed things are going to remain choppy so to speak in my
opinion...but once completed we will be obligation free I believe and will receive around 10 Million USD to go with the current balance of around
20 Million USD, so a balance sheet representing around 30 Million USD.
This looks good, but it can be a little deceiving, as it's been inflated by the issuing of more shares at a super competitive price, not reflecting a solid revenue base forming (just yet), but none-the-less, it's still positive and reflects that our Board have us positioned nicely to move forward, not forgetting that the companies we engage with also want to see that they are partnering etc with a company that also indicates stability, and are on top of all things financial.
Then lets just reflect on the time lines that were involved with the dispatching of our engineering samples/ reference chips, I am referring to the time involved from when TSMC first started their production run, it was months not weeks, followed by all the testing and finally Anil and his team signing off on the chips to be released to EAP's and so on.
The company his indicated sometime in May 2023 they hope to receive this current run from GlobalFoundries, then we do our business, then the companies we have/are engaged with do their internal magic, that is designing, testing, fitting our IP into their own products, some maybe already to go, others not even dreamt up as yet, so what I'm implying is, forget getting too pumped up with any major product flooding this year, the time lines to me at least are just too short.
The reason I'm personally so relaxed about our current position is that, I've taken the pressure off myself, as such, by trying to be realistic with the time lines and as I have already mentioned 1 January 2025 sits extremely well with me, good luck with your decision process, if we all respect our own choices, well, that's all one can ask for really.
Thanks to "the stable" for posting our current list of partners etc.., excellent reading!
My views only, happy for you to totally disagree, cheers.
Tech
