RE: My letter to Tim Yeo and Dave Ryan16 Jan 2021 13:51
Hi Wolves and thank you for taking the time to respond.
I had actually read this previously and had noted the optimistic pitch as well as the lack of actual detail regarding the new approach to expenditure and (potentially) future income.
Rather like the RNS, its oblique communication - it lacks specifics / definitions.
The devil is in the detail and without getting into commercials, there can be a communication that confirms the revised exp / inc split.
Assumption is still in place that this is a commercial partnership with Peel.
Imagine how we might feel if for the first Protos, we ponied up the funds for the costs but didnt get any increase in revenue. There can still be a business case for that (first customer etc etc) but wouldnt it be nice to know ?
Perhaps I (still) don't like surprises :)