CFU ceramic fuel cells limited

As disappointed I am with our current overall situation, I will...

  1. 137 Posts.
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    As disappointed I am with our current overall situation, I will still be supporting this CR and taking my full allotment and be applying for more as I had significantly reduced my holdings in recent times.

    However I, like other shareholders, needed time to be able to participate, and happy the company has listened to shareholder concerns and granted an extension.

    This is a highly speculative stock, with high reward in good time. Fuels in general as commercial products are still in their infancy. I think many can attest when plans have gone wrong for one reason or another. I was expecting to have paid my home loan 5 years ago, however circumstances outside my control have set me back - these don't concern me. What concerns me is how one can recover from setbacks. Go through life with a glass half full attitude but never ignore the glass is half empty.

    Some items I've highlighted from the prospectus.

    - The Director are adopting a focused strategy to enable the Company to become cash flow positive as soon as possible

    I find these statements not worth the paper its printed on

    - It is necessary for CFCL to have financial stability for it to implement its strategy, cost down initiatives and continue its research and development programmes...

    This is incumbent on both the company and its shareholders, however for shareholders to support the company, the company must deliver and set out clear, and measurable goals, followed through and adequately explained when not met.

    - If the Board of CFCL exercises its discretion to make up any shortfall under this Offer, then it may do so under this Prospectus (or otherwise) as a separate offer to third parties of its choosing

    IMHO - even if shareholders fail to support the offer, I suspect there are investors at the ready who have a longer term view and looking to get rich quick

    - Successful installation and operation of the first two BlueGEN units in China

    Promising market - but can be a double edged sword.

    - Development of these large-scale project based sales is progressing and discussions are being held with several interested parties in the UK. The Board anticipates a number of these targeted projects will be converted into orders in the near future

    Again, I find these statements not worth the paper its printed on. In the absence of concrete evidence, I disregard these statements

    - At this time, based on the current cost base of operating its business following the March restructure, the Company will need to sell 3,400 units per annum, at current cost and pricing levels, to obtain a positive cash flow outcome

    This is an insignificant number compared to the potential market and one I think achievable in the next 2 years. Anyone holding out for that big order that will send this company to the moon will be mistaken due to the last point.

    - the Company has not yet operated its products over the extended period of time required by commercial customer

    This biggest issue I see which is holding us back is this statement. For volume orders, commercial customers demand and arm and a leg, and you need to be ready to give it to them. This is still an immature product but one advanced enough to technologically speaking to stand on its on. Commercially speaking its, not there yet till at least another two years.

    This is a tortoises race...but slow and steady...
 
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Currently unlisted public company.

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