overvalued, page-8

Here are some excerpts from the last quarterly....

- The Company is building a substantial pipeline of sales opportunities and plans to start delivering BlueGen products from early 2010.

- The Company is in positive discussions with prospective BlueGen manufacturing partners.

- The Company has been approached by several potential sales agents.

- The Company is in positive discussions with prospective partners in several markets, including Europe, Australia and North America.

- Over the next few months the Company plans to finalise its manufacturing and sales partnerships and finalise the BlueGen product offering and pricing, continuing to build the ‘order book’ ahead of sales from early 2010.

- The Company has also appointed two senior Business Development and Sales executives, to further develop the Company’s business and secure sales into European markets.


In my opinion I don't expect the German plant to be pumping out fuel cells as fast as they can come October and this does not alarm me. Increasing manufacturing will take time. I also believe that our German partners will be fully onboard before the UK in 2012 (based on a gut feeling and the legendary efficiency that Germans are known for).