Carbios SAS has signed LOIs in the UK, Turkey, and China, with ongoing discussions in other countries, potentially boosting future royalty income. The Longlaville PET recycling plant in France, crucial for proving their technology, is expected to be completed by 2026, delaying more significant revenue until 2028. Reflexivity risk is a major concern due to the company's cash burn and declining stock price, which could necessitate costly equity financing at unattractive and dilutive prices.