Riiiight. By terms of the agreement the second $500K payment was due in January. And it was received when? Oops, we don't know if it's even been received yet, six months later, so LOL on the rainbow unicorn LOC assumptions.
I've never disputed that. In fact, I've commented that I think that's a big positive. It doesn't change the fact that they have yet to demonstrate that they can scale up production to economically viable commercial volumes. Dow signed off on Nanoco's technology and you see what that turned out to be worth...
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