Yep, there continues to be challanges and closer to the brink...

Yep, there continues to be challanges and closer to the brink than a profitable business.

But in the past two years, they have reduced the price of the units by something like 35%. The past 12 months they have reduced the price by 25%, the previous year it was something like 10%. (pls correct me as that is from memory)

So with low volume they have made significant savings in teh cost of units through sub contracting components etc and they have been able to feel their way through this tricky phase with low volume. So if something needed ironing out their techs reputation wasnt damaged with withdrawls etc whilst they go through growing pains with suppliers.

So with this continued effort then IF some more significant volume comes there way they are again quite well positioned to further reduce the price of the units.

The general market still isnt mature enough for this tech with all the players still pushing in this direction....however appears 2015 is really the start line for most players and 2018 really the period where things will stand on their head.

So a lot can go wrong between now and then. It is clear that CFU cant do all their own heavy lifting but, I give credit that they are grinding away doing it one out without a major partner. Not the original business model and they are able to evolve to try and continue to tread water.

I continue to hold not because of anythig the company tells me but for what I think/see the industry doing. I hope when the company start using bullish language than they may get a few hooked as generally the new board are quite low key. But they only get to use that ticket once as Dow and co talked about strong volume of units deployed by now trhough 2010-2012.

So not plain sailing and still a risky investment....but I think they still have a few chess pieces on the table worth playing for