News: Harvey Norman to distribute BlueGen , page-35

  1. 887 Posts.
    First up - to those worried about the cash-burn. Read the quarterly report as well as the cash-flow statement. You'll see that there was alot of operating expenses incurred in that period which were once offs. The cash-burn should be alot lower this quarter (guess we find out in the next 10 days). So $6m in expenditure is highly unlikely. Also sales income should start increasing with all of the orders that have been placed.

    Don't think the state government money comes in yet, as they had some hurdles to pass before purchasing (from memory).

    Kacy - $6,000? Really? I don't think the company ever quoted less than $8,000 to be honest. OH and that will be just the cost of the unit. Keep in mind plumbing costs, electrical costs, cost of the hot water unit (to connect to Blue Gen). I personally think it would be double that... But we are many years away from seeing a price that low. $20,000 medium term would be acheivable, but not $6,000.
 
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