Margins are not 90%. I just posted that he should have spent a mere $400k getting a team of guys to look seriously at this thing for 6 months before spending lal of this money...
He promised production "within weeks" 1.5 years ago at the AGM. little more than a few months...
I think more than a few investors have been misled here. expecting profitability a long time ago.
If he wanted investors to finance a science experiment with no set outcome... he should have been clear about that.
I watched his speech when he said all he needed was a simple air permit... rather a Simple Air Permit, a Solid Waste Permit, a Stack Test, a design that works, modularity, a pre-melt thingofa majig, customers, and $10-20 Million...
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