High wire act20 Jul 2017 09:11
My overnight thoughts on yesterday are that we have enough dosh to get us to the end of the year. Not long but what will this look like then?
Harley Street space created and into normal fit-out stage - de-risked
Patient Chair fully developed - de-risked
All modules tested and beam fired through at full speed - de-risked
Missing for me at the moment is the Thales manufacturing progress? Will the first production machine for Harley St be being built by then?
With a tested system to show and a real documented planning/construction process in difficult city centre to compare, then we should also have a few sales orders in place from those keen to get going.
Regulatory is essential although likely straightforward if they have achieved control of the beam and are being professional about software design/test and manufacturing procedures. I believe the aim of going for skin only treatment first will get them to approval much quicker as one criteria needing to be met before some installation stage at Harley St.
So by year end, we should have a largely de-risked leading edge technology, de-risked & de-scaled civil process (big advantage over older tech) for city-centre sites of major hospitals, some initial orders that could be beginning to provide alternate security for finance.
With the above in place, an sp of 120p (say) giving a healthy 1 year profit on those that invested, they can go for another offer. Having shown a safety net, the high wire act can excite rather than scare!