company response

Recently I sent an email to CFU as follows

"Dear Sir/madam,

As an investor of CFU who tries to keep up to date with company operations, may I ask why the announcement on the LSE on the 18th of April, relating to the installation of a Bluegen in Amsterdams leading sustainability home was not released to the Australian Market? Company progression via announcements has been minimal for some time now ,and any announcement indicating continual progression towards future mass scale production would provide some piece and mind to investors? The falling share price is not very comforting to holders with intentions of long term investment."

I received the following reply and have received permission to post on this forum.

"Firstly, thanks for your ongoing support - and your message.
The good news is, we have been working on a number of activities locally and in Europe.
As you can understand for confidentiality reasons, we can't disclose details or deals which are under negotiations. The good news is that we will release our quarterly trading update towards the end of next week.
We prefer to release meaningful and market-relevant updates, rather than releasing news for the sake of news.
Rest assured, we understand your interest and aim to provide a market-relevant update soon..

Kind Regards"


My take on things

1)I was a little bit dissapointed they did not give a direct reply to the LSE announcement. As a long term investor, progress of the company is always good to hear. I do recall in one of their previuosly quarterlies, that the installation of individual Bluegens would not be announced to the market, but, if it was released on the LSE, it should have been released on the ASX aswell!!!

2) If the quarterly update is released at the end of the week, then it has to be today!

3) If negotations are under way, then that is good news, but announcement of an actual deal is what we wait for. Hopefully the previous announcements relating to purchases
of Bluegen come to fruition soon, with more deals to come as per the email.

4) It will be interesting to see in the upcoming quarterly if company expenditure is lower than the last?

Comments welcome