Just to clarify,
Should it be determined that
it is not feasible to develop an ASIC chip, then the remaining funds in the research and development/purchase
fund will be added the growth and expansion fund.
The development/purchase fund is the remaining 60 Million shares?
Is this decision taking place after the current feasibility tests have been completed?
If the feasibility tests fail when will these shares be "active"? If so they have a large impact the time scale of recouping the IPO cost per share if the feasibility tests fail.
Thanks for your time,
Shas
The development/purchase fund is the first 20 million shares of which the first batch is 5 million shares which are being sold now.
If the current feasibility test shows that it is not feasible on this chip, there are other options which maybe feasible. None of AMC's funds
are being spent on the feasibility test.