Some on this board have been asking for clarification on M8. Some have wondered about P2 being a material event.

I have been in contact with IR and received some very good, clarifying responses to my queries about the above.

In regards to M8, "M8 can be considered complete. I only word it that way as it’s an evolving technology, IP has to be protected and it will see further development for years to come. But as far as what I can share consider it completed even though it’s still being worked on for the reasons stated. This is why we reworded it to be initiative and not just a definitive milestone."

I would take from this that while sub-100nm has been achieved, they continue to scale down - hence the comments in a recent article from Dr T. For me this is fantastic news and great confirmation of the validity of the tech, and despite the recent share price issues and the recent consolidation option outlined, I believe we can take great solace in knowing this tech is moving forward - maybe not as fast as some would like, but it is happening. Exciting times that not everyone is seeing! I have asked IR if they can please update the corp presentation to reflect M8 as noted above.

I also understand from IR comments that P2 is material and has been deemed so by authorities. Hence I would say it needs to be released (albeit a redacted version to protect IP) when it is available. No holding back on it at all. I also understand, as of a few days ago, it is still in the hands of Pellegrino.

I also understand the company is now hesitant to state any further very specific milestones given the dynamic and evolving nature of the technology, as well as the need to protect IP at this very sensitive time. Hence the term "initiative" utilized in the recent release. I don't think anyone can blame them for taking this approach at this point.

So for me, all signs do point from "bottom left to top right" despite the waves of discontent concerning the current SP and possible split. I am still very hopeful we hear something about P2 in the next few weeks before the AGM to squash any possible split and subsequent backlash at the meeting. Even an update about the status would suffice, if possible. I am with PC and am hopefully watching to see us partner with a mega cap.

Thus, I have no reason to mistrust this management. Given the recent huge, and I mean huge, hiring (welcome Mr Manocha), and the continued push forward on the tech, it seems they are moving forward with a plan to benefit us all. I am willing to sit tight, hold tight, and head to the AGM supporting the management that has brought us this far in a relatively short period of time. This is a massive undertaking in a massive industry. I am hopefull we will all realize massive results in the near future. Its kinda fun being part of this history in the making, despite the bumps in the road we sometimes feel.

Have a great weekend!