Frequently I visit Fastbrick's Linkedin page and I'm quite familiar with some to most staff names, just noticed the connected staff number count increased by 7 from 30 to 37 in a matter of a month or two.
Remember not everyone has a Linkedin profile, and people may not update their Linkedin page straight away once started on a new role.
However I do count about a total of 4 new Procurement officers, senior to junior started since Jan - Feb 2018.
And a couple virtual assembly testers were on board since Sep 2017.
So my guess would be pretty much in line with the FBR official update:
- Assembly testings are mostly a pass.
- Aggressively placing orders and buying parts, will see cash burn rate go up this quarter.
- Assembly design is all done, now it's probably working on module assembly with received parts, which forms key parts of the entire machine, I assume this will be very time consuming due to the high complexity and consideration for commercialising standards.
- Would not expect update on progress details until most modules are done and put together, no major issues is a bottom line, then we might see preliminary update on progress.
- Would expect some corporate update coming sooner than HX update, EYP research update, new market opportunity, discussion with some potential customer on project #2, etc.
Hope this can some people, more or less, the anxiety level is rising in this forum.
Forgot to mention, my estimate of HX completion is probably July-Sep, June would be a lucky home run for them if they can.
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