Rakon tilted its focus to the telecommunications sector after rivals in the smart wireless market caught up.
Rakon posted a $13.6 million loss for the year to March.
"Show us an IoT network operator anywhere in the world turning a profit to justify Thinxtra's value"
Investment expected to benefit both crystal part makers.
"Talking about the cost of buying a brand new 7-Series are we, Mr Robinson? Suggest you reduce those "overheads" before you join your brother in retirement ;)"