"I am surprised at the limited reaction of the SP to this news.
its a came changer in my opinion! go CFU"
I've been keeping an eye on this company for a while now. It certainly has potential.
My main problem with it is the amount of debt they have and how many shares on issue. Selling 200 components is not going to bring profits, those numbers have to be far greater. However it is a start. Also remember it isn't a sale yet, there is still an approval process out of CFU's control.
Not only that, with so many shares available it will take a significant sales announcement (thousands of units, preferably Blugen) to push the share price up.
I'm happy to wait on the side lines and buy in when/if that happens. It would be great if Australian Government gave this sort of tech carbon credits similar to Solar Power. Australia should really be looking into this tech, particularly QLD with its very high cost of electricity which is set to rise even higher in a short time frame. This is mainly due to peak power demand requiring infrastructure that is not cost efficient. In home units such as BluGen would be a huge help. A lease option from the power companies would be good too.
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