RE: Company needs to give us some update soon23 Jan 2025 13:49
Jaari,
Perhaps you do need some more info, the grant was for use of facilities, capital equipment and staff, that are to be utilised by other partners in the FTI as well, not exclusive to FAB. There is approx. £1m in cash grant that can be drawn down against certain parameters.
The £6m figure you quote, was from a reply by AK when discussing the grant at the Investor Meet, where he explained he had been asked by an Institutional Investor, what it would cost Fusion to get to a position to have all of the above available to them and AK suggested it would have cost around £6m.
It's not about hand holding, it's about good Investor Relations, which in turn will bring in good investors.