Every time I read up about this company, it seems to have...

Every time I read up about this company, it seems to have slipped a little further down the chute. What once held huge potential, has been squandered, gambled, wasted - in short, mismanaged - into a very, very deep hole.

When a company can't raise the funds to execute its current sales or meet production - let alone fund future growth - you know you have a problem. That then becomes a vicious circle, they can't get large orders because they can't meet them, and without large orders they don't get the funds to produce. It is extremely bad management that has gotten the company into this situation.

Worse is the fact that cost of sales is significantly higher than revenues, so even if they had large orders and could meet them it wouldn't matter because the product costs more to make than they can sell it for.

On the positive, they have cut production costs in percentage significant terms and managed to secure one large order, which has a 50% pay-in-advance clause. Hopefully they will be able to deliver this order on time. If not, I'd struggle to see anyone else placing a large order with CFU.

It's such a shame that this company, which once boasted excellent potential and was led by a fantastic management team has now collapsed in to such a heap.