I guess the problem the BOD had and still have is that with SOCs there would be no funds for constant new chip production.Hi Manny,
Good summary,
I think that the switch to IP-only (stop me if you've heard this before ...) set commercialization back by 2+ years by shrinking the potential market and raising the barriers to entry, as well as by jettisoning the first-to-market advantage which could have built brand recognition. That said, there were financial constraints.
So now we've restored the SoC product line and software product line, and we are seeing some green shoots, but the competition is closing in. Fortunately, perhaps serendipitously, TENNs arrived. It was in gestation even as we threw out the bathtub and contents.
I think Sean's confidence in closing deals this year is the bedrock of the suggested rehoming to US. Clearly this could not be contemplated at the current SP. The fact that he has mentioned the move out loud is an indicator of this confidence.
It was always contemplated that we would list in the US, but as a dual listing. Sole listing will complicate matters for superannuation SHs. As court approval is required, perhaps the court could impose a condition the the company make an equivalent number of US shares available for those with super shares. Class action anyone ... ? (Full disclosure - I don't have super shares).
It's cheaper just to upgrade GEN2 and pass the cost on.
I guess Pico which runs off TENNs type State Space algos will have a longer shelf life. Tony