Everybody relax and listen hereNow...I subscribed to the EDE...

Everybody relax and listen here

Now...

I subscribed to the EDE IPO. I also achieved what may have been the highest sale price ever for EDE shares, 74.5c in May 2007. Those were the days!

I missed the big run in 2016, I was not a believer in edencrete as a business model...still the stock was good to me , rode the coal bed methane story, the India hythane story, the optiblend story . I remember when we bought for a buck the hyradix reformer business, we even had some geothermal at one stage

I am still a big fan of the hydrogen story, but not an investor. Its a game for big players like Woodside. EDE was originally a hydrogen play, they were great days the hythane days, great technology but to early.

Same with Edencrete...great idea..great concept but tough to break into the market. they should just licence this technology to a big player and do something else . You need deep pockets to pull off Edencrete type products as a general rule...sure sometimes small players can pull it off but the investment landscape is littered with great ideas that never made it. GS was never short of ideas and vision , that is the nature of a hard working entrepreneur.., but commercialising R & D is a tough game. the R & D investment professionals would back say 10 great ideas and hope for giant payday on one and five might fall over..they are the odds, are you willing to accept them? I have been involved professionally with these players. I know the odds .

So you are a believer, thats OK, but how are you managing your risk, have you spread your bets or have you become caught up to much in the story... in the hype?

this stock is 100% in a bear trend. The last few years we have seen successive CR at 11, 5.4, 5 now 2.8. Issued shares have gone from 180million to 1.8 billion in a decade.

The only way to reverse the bear trend is to make a profit!

To make a profit requires sales to be north of $US10millionpa

How long will that take and how much more working capital will EDE burn through to get there?

The next year is make or break.

And keep an eye on the terms and conditions of the backstop finance facility...hopefully they will not do a La Jolle type deal ( as in 2011). The danger is if the financier gets issued shares at a discount to VWAP and is unrestricted in their subsequent sale.