They may be very good at the dog and pony show (as Mehlwell witnessed) but the technology is still unproven (no sales) and heading into a market that is price driven. We all like to support a "green" company but we would be better off cycling to work than putting money into a company that is thinly traded and predominantly held by the founder. After so many years the company has still not sold one sheet of paper. Technology companies are great if they focus on the market and offer a competitive advantage. Adding further expertise to the management team does not necessarilly make a better company, it just increases the cash burn.
How many months cash do they have before they have to raise more funds?
They may be very good at the dog and pony show (as Mehlwell...
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