CFU 0.00% 0.4¢ ceramic fuel cells limited

Ann: Fundraising for working capital and to maint, page-17

  1. 2,904 Posts.
    lightbulb Created with Sketch. 12
    re: Ann: Fundraising for working capital and ... Good comments, Primo Trader and Bernard1138.

    Now that CFU are saying things like "revenue needs to increase faster to fund operating costs" and "if there is a limited takeup...the company would have to secure other sources of funding to be able to...continue as a going concern" (read ELC) it really looks like CFU may go the way of just about every other Aussie greentech speculative stock to date:
    * lower and lower uptake of cap raisings (all the while not delivering results).
    * leading to a ruinous equity line of credit (company still not delivering results).
    * all the while the sp steadily declines, dilution increases to ridiculous levels, market cap is virtually eliminated, company suffers credibility loss etc.

    YET... most of these greentech stocks have genuinely great products but NONE succeed in achieveing volume sales. What's wrong here??
 
watchlist Created with Sketch. Add CFU (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.