uk micro-chp policy roadmap (from cfu email), page-10

Jake

This paper is written for the UK. Its one of two principal markets we have - the other being Germany. So its not all doom and gloom. Also, I am not that opposed to the notion of the capital raising if it is about lowering production costs. I assume this means that CFU will simply start larger scale production and build inventory instead of waiting for someone to place a big order.

The principal purpose of my post was really to highlight the "dangers" of the type of industry paper CFU et al had prepared for Govt. While the MD's of all the companies sit in a boardroom and hire a consultant to prepare a paper they generally focus on one audience, the Govt. They all get the consultant's paper, and being the UK, they share a Pims, (cigars/pipes are so yesterday) backslap, talk rugby world cup, admire the prose and the well reasoned argument of the Oxford lisp guys that prepared it, and then conclude its a winner. What the fail to see is, that to another audience, it doesnt paint a very rosey picture of their industry.

I dont believe the future is bleak, but I won't hold my breath thinking the outlook is going to change radically in the next couple of months. And, I still hope that we dont close el capo gap any time soon (or ever)!

I will be looking for some reassurance at the AGM. I should also say that, having bought a lot more CFU in the last months I am only now slightly in the red, so I am not too concerned atm.