I am with you Bernard.
Someone previously has pointed out Paloma has another sister company (NGK) or something simialr involved in fuel cells that are 63% effecient, not sure a 12 month trial for 1 unit will be purely to assess our unit, maybe to compare to a japanese made product? I wonder which one they will pick.
All the newbies on here praise management, but I am not so sure:
- Lost 20mil on investments (i know others did as well, but that is shareholder capital and should be protected!!!)
- Opened powder factory with no customers (build it and they will come?)
- Opened factory in germany, first order not due until 2012
- Changed strategy by moving focus away from Mchp when they realised they needed a stop gap measure and introduced BlueGen to fill a gap in the marketing
I am all for calling audibles at the line of scrimmage and I think Brendan is a good operator, having said that I am not sure he has a world class board above him.
They will produce orders don't get me wrong, but time's tick tick ticking away.
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