nt_1973_au, I see you are seeing the point I keep making. Look back through the ASX announcements of the past 3 years and you will see similar bullish statements about increasing sales, none of which have happened, so why believe that this time it will actually happen.
I prefer to sit on the sidelines and wait for CFU to perform. Some will say "you might miss out on the big rise", but as proven by sitting out for the past 7 years I have only saved myself from having to put my hand in my pocket to buy my own significant (if you add it all up) dilution to support what I believe is unnecessarily high cash burn (high Director salaries, ridiculously high salary for BD, 120 employees when less than half that number would suffice).
I honestly do not believe that enough sales will come in during the next 5 months to prevent CFU from having to raise another £5m+ in October this year. I have been right so far about the last two fund raisings, about the cash burn rate not reducing by much and about the furnace issues not being cleared up when promised, lets see how close I am with predicting the next fund raising.
CFU Price at posting:
4.3¢ Sentiment: ST Sell Disclosure: Not Held
