I know it's a great product etc .... but the CEO has his head rearwards if he can't see the head winds.
the recent qtr cashflow - burning $6M per quarter, $29.8M on hand in part only due to $3.5M raised from recent CR.
Don't get burned with promises from a CEO. F/A says CFU SP can go down much lower due to the current shares on issue on poor revenue.
A long way to go to cover cash burn, which will erode share price. Be prepared to hold this a while and possibly 5 - 10c again. Expect another CR this year easily.
Will sell down CFU if it can't hold 14c and won't buy any more on a down trend.
CFU Price at posting:
14.2¢ Sentiment: Hold Disclosure: Held