If one goes back several years, there was a EDE presentation which detailed Projected Revenue going out several years forward.
They were inspiring numbers.
EDE never got anywhere near those numbers.
Yet EDE was allowed to present those numbers to the market, and to shareholders.
Yet mining companies are prohibited from providing an indication of Reserves, unless it is accompanied by a Certifying Geologist.
Same principle, but seems different rules apply?
I like the product, I like the potential, and I like the independent verification of the efficacy of E/C product from numerous Govt authorities, and I like the prospect of such a huge potential market.
I like the obvious evidence of high barriers to entry, and the apparent work done by EDE to cultivate relationships with US Govt authorities. I like the certification of E/C by various Govt bodies etc.
We all are well aware of the risks of slow sales, and the very obvious drain on cash flow as a result of slow sales and take-up of E/C.
So really, we all need to get comfortable with the ability (or not) of EDE being able to fund itself for sufficient time for EDE to achieve positive cashflow.
In order to remain comfortable, we need to be convinced that E/C is the real deal, and that it will become readily accepted, and readily used by the concrete industry.
I am still willing to stick it out.
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