Look I have said for years this has potential and have read many...

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skyscraper99

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19/08/18

10:12

Post #: 35018594
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Originally posted by R-7 ↑

@skyscraper99. I've followed your posts on CFO for a few years now and have often found them informative. I also understand your growing impatience and cynicism (as does @Captain Blood), but I can't agree with your comments here though, as the update signals very significant progress in the quarter.

On the issue of customer commitment and production, CFO clearly state they have around US$450k in open orders for CF30 CFOAM (i.e. commercial orders waiting to be filled). This supports management's claim that the key obstacle to sales and revenue growth is supply.

On the inventory issue, in the recent update CFO flagged that delays in production of CF30 (high density CFOAM) were due to quality issues with feedstock. This issue has been decisively addressed by contracting a new supplier and by CFO taking control of all aspects of feedstock preparation (i.e. the coal pulverising process). These improvements have been assisted by our new Technical Development Director, Dr Rudy Olson.

CFO also indicated they've got a sales pipeline for the CF25 inventory, which represents $1.5M in stock that will be sold in the coming quarter(s). This includes the US Navy trial order. Finally, they do address the issue of reduced sales in the quarter in the update.

Anyone wondering why they still hold CFO, or if they should buy (or sell), would do well to read (or re-read) the latest update. It makes clear the challenges of manufacturing high-end materials (i.e. the development pathway includes commercial manufacturing), but also the quality of the current management team and the potential the company has going forward. All IMO. GLTAH R-7

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Look I have said for years this has potential and have read many quarterlies which has mentioned forward orders or those that never made it to current quarter only to have a new excuse the next quarter.

It is like the boy who cried wolf and the market is saying show us the money.

We had the promise of this new jockey but that was well over a year now.

Trump was or is going to increase defense spending but you have to remember these are Touchstone contracts and cfoam aee doing the dirty work and paying touchstone rent to produce product for their contracts.

They listed to get commercial contracts and we have seen NO contracts so far after what? 3 years or is it 4

Promises and talk is cheap but let's see some contracts in their own right not a lacky for Touchstobe.

Look at Joseph who is now on cfoam payroll and sells 1 mill CFO to advance Touchstone
Come on all I get from that is Touchstone aee now using Cfoam to pay Touchstone wages.
Charge Cfoam rent to produce product for their contracts, there is a word for that??

Let's see some commercial contracts where cfoam get full benefits without being Touchstones lacky who takes the cream and gives cfoam the dregs.

CFO Price at posting: 19.0¢ Sentiment: Hold Disclosure: Held
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