Hi group!  ​

Ok a lot of you have understandably asked me for update. So here is one: it's been a while this was in talk with Ian, but we finally decided it was time for me to take the plunge.

So I went across the mirror. As in, FD in Wonderland.

I signed a NDA, went in Cedar Park to spend a few days, and, was given answers to every possible answerable questions I had remaining about EEStor.

I traded that opportunity for the right to relay you folks all info I learned. And for the right to buy and sell EEStor shares until all material facts I'm learning become public.

I didn't take that decision lightly, for I care about both. But this was necessary for me to get further involved in special support missions.

I will of course still be able to publicly analyse and comment about all info that's publicly available, but I will have likely much less time to do so, considering the endeavour I volunteered to engage in.

One thing I can tell you about my visit, is that what Ian wrote in last week publicly disclosed email is the high fidelity reflection of what I witness is happening there. Constant and exciting progress toward the re-positioning and re-launch of EEStor.

I can also report that time on the other side of the mirror is not of the same nature than on this side. The few days there elapsed in a blink of an eye. The operations in CP are exactly as I expected to find them from my own passed 18 years of experience in other R&D shops. There are always obstacles that blocks one or the other of the multiple paths of development being explored there: Oups, that machine needs maintenance: 4 days lost. Humm this ingredient is not exactly it, how long does it take to get that slightly different version of it ? Darn! 2 weeks... We need to have this behaviour tested in an outside lab, when is their next slot available? Oh next Wednesday. On and on and on. Normal R&D work. But there's so much to do along so many different aspects to develop, from what I can tell and the documents I had access to, Ian is faithfully reporting the steady weekly, and sometimes, spectacular progress toward EEStor final goal.

I also want to reinstate something that should be obvious to anybody that took part to the last AGM visit of the CP plant. There are often questions about if this is an R&D or prod facility. The answer is obviously: both. The core of the invention, the CMBT, is already in prod state in the plant. And the binding of it all into dielectric layers and capacitors is still in R&D. However since the prod techniques involved in that last part are already well known in the rest of the industry, I'm confident once it reaches its goals it won't take long for this R&D to mute into prod of its own.

A last point I have to make is about the quality of the team that's being built there. It's just astonishingly competent and versatile. And growing very sophisticated expertise with every day of real world experience that feeds it. I think Carl Nelson would've been proud of it.

I now look forward for the most epic and intense months of my life. So don't be too pissed at me if I'm not answering your messages. It's for your own indirect good.  ​

FD (edited)