dyeman, may I ask you how convinced you are, given the present...

dyeman, may I ask you how convinced you are, given the present facts, that Redflow can indeed do this? That is, become a viable competitor to lithium-ion batteries and get to the point of critical mass, where they are churning out enough batteries to become self-sufficient.

I think there is a lot to like about this company:
- Management. The decision to move manufacturing from Flex in Mexico to their own facility in Thailand was a hard decision to make, but I believe was ultimately the right one.
- Industry tailwinds/current addressable market. I don't have to quote the growth that will occur in battery storage over the next 10-20 odd years, CAGR of around 15%+ during the next 20 years are quite common. Redflow quote a 4.6% CAGR for telco base stations alone until 2024, with a huge addressable market currently. Flow batteries in specific will eventually become synonymous with energy storage for certain applications. It is really just a question of whether or not Redflow can be the company accountable for that transition.
- Competitive advantage/current head-start. The work that has gone into the BMS and the product in general, with the assistance of Simon Hackett sets us apart. Redflow produce the smallest flow battery on the market and it is also notable that many flow batteries out there are not commercially ready yet, we are. We have put roughly $120 million over 15 years into IP and commercialisation as per the recent investor presentation, no small sum!
- The re-rate that would occur from one large sale. This would substantially de-risk the whole investment. It would provide the perfect case study for larger applications globally and give us a lot more credibility at the table in early negotiations. These orders seem closer than ever, although I'll admit, I've thought that since the last raising...

I can not wrap my brain around the odds of Redflow succeeding. In some sense I am emotionally attached to this investment, which happens to be the only one I'm deep in the red on (brought my first parcel in May 2016). I haven't cut my losses because the world would be a better place with this tech, and for the above mentioned reasons I believe it can be. Although, I feel I need someone else's opinion if I'm being a bad steward of my capital with this investment. I am still very new to this game. Also if you don't mind, is Redflow a large portion of your overall investable capital and will you be taking up your entitlement in full or in part? I would love to get an understanding from another person on what their exposure is and their level of conviction on this investment proposition as it stands. It currently accounts for 3.77 per cent of my equity portfolio, but I am torn about increasing it any further. Although I have addressed my reply to dyeman, input from all members would be greatly appreciated - cheers!