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 research and development/purchase fund are the shares being sold now. The funds from the IPO will be used to
buy machines if the ASIC can not be developed. If AMC can not develop an ASIC, then VMC will try and use other
vendors of chips to build its machines.