Aug. 12 at 9:33 PM
$MMTIF Right now, DND discussions, engineering reviews, prototype work, cost estimates and talk of 5,000 units are encouraging technical developments—but they are not yet the event that breaks the 20-year pattern. If any of it is true???
For me, the pattern changes only if we get something like:
a funded DND procurement, a real purchase order, non-dilutive government funding attributable to Micromem’s work, a signed commercial/license agreement with economics attached, or actual revenue appearing in the financial statements.
Until one of those happens, I’d view Fuda today essentially as a man trying to keep an extraordinarily leveraged lottery ticket alive.
