Ann: BluGlass wins Australian Cleantech Competiti, page-27

re: Ann: BluGlass wins Australian Cleantech C... haha jumpstart - don't be glum. Well, at least you got me to go back and see what the 3 Oct post was. And, having re-read it, find I still agree. Except for the boffin culture bit. I like boffins. If you want a novel bomb or a space lander they'll give you that just for the pleasure of doing it.

If a concept doesn't work, it's still valid and interesting research, worth a paper: boffins wouldn't hesitate letting you know how and why it failed. Commercially it could be a disaster.

I have trouble with companies being unwilling to report failure: when it *has* to work, and it *is* working (even when it will never work). It is then that the potential of the technology over-shadows the KPI's, timelines stretch, and targets wander. This is hell territory for shareholders, when the potential is made more prominent and more enticing, and patience and credibility is stretched and pockets are emptied.

I have lost money on companies that were award-wining, university-backed, government funded enterprises. They had glittering projections and failed long before the shareholders ever knew about it.

I still have hopes for BLG, but see the time-lines and targets moving, directors rejecting in-the-money options, JV partners selling out, and wonder is this another good idea that just didn't work - but no-one wants to admit it?