re: Ann: Fundraising for working capital and ... Att: Andrew Nielsen
Hi Andrew,
Please refer to my email below to LCA lobbying support for the Bluegen. I have since spoken with LCA and im aware you have met with them previously.
In light of the recent company update and todays capital raising prospectus I would like to say I am very keen to help raise capital for CFCL by picking up some 6c shares, however, i believe there are several major issues that will prevent share holder taking up the offer, related to unknown risks including:
1. What is the stack production output capacity of the furnaces at present?
2. When furnace commissioning problems are ironed how much will production output be increased? and how much will it cost to achieve this?
3. Where does the MOU stand with Jabil?
4. Update specifically on the manufacturing plans for mass production and cost modelling?
5. Forcasted expenditure to achieve these goals?
6. Accurate road map as to how this $13.6m will be used and where it will position CFCL?
7. Updates on partner progress and sales contracts with the integrated units?
I look forward to hearing from you and hope you can enlighten me enough to convince me to participate in this capital raising.
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