CFU ceramic fuel cells limited

Convertible notes secured over the IP with a coupon rate of 9%...

  1. 824 Posts.
    Convertible notes secured over the IP with a coupon rate of 9% for a company with a negative cashflow?

    We are about to sell the underlying value in this business for less than 5 million bucks.

    Why do we need shareholder approval? We should very carefully look at the entities from whom this cash is being raised and any associations they may have.

    This company is effectively being run from the UK. Has it sought funding from CEFC? Based on the article mentioned earlier, CEFC would be offer much more favourable terms.

    This company is starting to get traction in terms of sales and acceptance and this deal looks like its perfectly timed and constructed for someone to come in at the last moment and steal the value.

    Just my preliminary view.
 
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Currently unlisted public company.

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