This may take some time...26 Apr 2023 14:07
I'm reading discontent at delays in the prime fillet cooking event and the US listing. Some of that may be genuine anguish, some just another opportunity to bash the stock (every stock and every bulletin board has these vermin), but anyone who has spent any time invested in small tech companies that are trying to bring groundbreaking products to market will know that delay is a common feature of such ventures.
And the reasons are two-fold.
Firstly, the S-curve - if you don't know what that is Google it! All industries and all products go through this. It is an unavoidable consequence of doing something new.
The second reason is that it is particularly difficult to start up the S-curve when the product is novel and in a nascent sector that hasn't quite been accepted as the future direction of the industry.
Of course, it may, just may, at the end of the day, be that farmed animal meat is the future...
The problem is that it is all so new. No one has been there already and mapped out the landscape. This doesn't matter so much for a large company as it survives on sales and it can afford the investment in new areas to take time as the research, development and marketing are financed by the company's regular business. Of course something is expected at the end of all the RD&M as the company needs to move to the next S-curve to survive longterm. But for small companies the need is more urgent as the cash reserves will run down and this gives the bashers - traders and paid trolls - the opportunity to spread fear, uncertainty and doubt (aka FUD). And one of their 'concerns' that they love to express is the inactivity and delays that the company is experiencing. Just remember that, to misquote Count Arthur Strong out of context, when Hillary Edmund set off to climb the Arger he didn't turn round to Shepherd Tenpin as he was leaving and say "Put the kettle on lad, I'll be back in ten minutes." When exploring new terrain the unknown will, necessarily, involve unforeseen events and consequent delays.