Ann: Redflow undertakes capital raising, page-33

This, to me, is the crux of it. There's been a lot of talk, but not much of substance to address the issues I see: how is the production ramp-up progressing; what's going on with the warranty issues; what's the actual, tangible, demonstrable progress on the ground?

There's a lot of potential in this company. I don't deny it. But they need to start doing more than making grandiose announcements - they need to be backing up those announcements with demonstrable actions that support the targets made in those announcements.

The simple fact of the matter is, when it comes to Redflow, I'm tapped out. There's nothing in the kitty that I'm prepared to offer up to support this company any further; there just isn't enough confidence in the company's ability to deliver for me to support the raising at the moment.

If they manage to deliver the contracts that they've signed, and if they show that those projects are continuing to function as expected after three or four years, then I'll be willing to reconsider my stance. In the meantime, though, sorry guys - the chequebook's closed. I'm not ready to sell just yet, but I'm not far from cutting my losses on this one, I must admit.