It's seems to me this company doesn't care about selling its products.
They seem to have set negative targets on selling the bluegen. Giving it away??? Why haven't they done this already? It's not like they have sold much in the first place.
They are better off selling at a loss to gain critical mass.
They claim that cost will come down as orders increase. Well if they really believe this, start flooding the market at a loss. As orders build and unit costs come down, they'll meet their break even point.
I recall in interviews our previous MD spoke, where he claimed that this company would be cash flow positive. Here is just one example where claims to break even. That claim was back in Jan, 2009. Break even run rate of 3000 units which they expect to reach in December 2010. 4 years on and still nothing.
http://www.brrmedia.com/event/54997/cfu-quarterly-report-and-company-overview-mr-brendan-dow-managing-director
You guys seem to get excited if a single blugen is switched on every 6 months or so...sheesh! That's emotional investing. I love the technology but this company is a dud.
All they have to do is sell units. Its that simple. Set quarterly targets, make them public and meet them.
It's time shareholders hold management to account. I've voted against all resolutions.
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