I know it's a great product etc .... but the CEO has his head rearwards if he can't see the head winds.
the recent qtr cashflow - burning $6M per quarter, $29.8M on hand in part only due to $3.5M raised from recent CR.
Don't get burned with promises from a CEO. F/A says CFU SP can go down much lower due to the current shares on issue on poor revenue.
A long way to go to cover cash burn, which will erode share price. Be prepared to hold this a while and possibly 5 - 10c again. Expect another CR this year easily.
Will sell down CFU if it can't hold 14c and won't buy any more on a down trend.
- Forums
- ASX - By Stock
- CFU
- brr interview brendan dow
brr interview brendan dow, page-3
-
-
- There are more pages in this discussion • 20 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)