I bought in the IPO but was drastically scaled back, and have been buying steadily since, Friday the latest buy.
As we know this has had a lot of money spent on it by the US defense department, a lot more than current market cap, the reason is they see it as a strategic material that can also be made to absorb radar.
The IPO was held up for a while because they had to get clearance to transfer the patents to an ASX listed company.
Now we know the current applications in the space industry and military, but now they are looking to make this a commercial product, we know it has far superior heat qualities to other metals, like exhaust systems, so I asked cfoam if the price is comparable to current metals being used for car exhaust systems and was told yes, and we know there are a few of them around.
The end use of this product is endless.
It is not just a disruptive technology that can be duplicated on a tablet, it is a disruptive material, as plastic was so many years ago.
Has the backing of the US defense which is the most powerful organization in the world, and with The Don soon to be in power this will be a huge plus, CFAOM is said to be perfect for gun barrels, and The Don is certainly not going to ban those
There is a saying that goes "safe as a bank" CFOAM with the potential and the backing with a lot of money from the US defense and the strategic nature of the materiel would be in my book safer than a bank,
At some point we will be hearing more about potential and deals, what would a $100 mill US navy deal be worth to a company with a market cap of $40 odd mill.
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