I think it's about time we had an update on the Henderson installation - good, bad or indifferent. The Powerbox has been in Aust for nearly 6 months now and is yet (apparently) to have earned 1c. From all accounts it has not been commissioned yet.
Last information from ERJ office was installation expected in March. It is now nearly end of April.
If there has been a recent road show in the eastern states, I don't know what trumpet they might have been blowing. Surely interested parties / investors have already heard of ERJ & the proclaimed benefits of the Powerbox and are waiting (like all of us) for confirmation that it actually works in Aust conditions.
I am growing concerned about the lack of apparent progress and the gradual decline in the share price. Having money in the bank is one thing actually using it to progress the company to turn a profit is another.
It's about time for an update.
VPR Price at posting:
4.6¢ Sentiment: Buy Disclosure: Held
