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18:11
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Originally posted by noddy2:
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This is a management team that couldn't sort out a plastic problem for two years , do you really think they can produce a new battery in twelve months. There totally no hope of these guy producing a result. No real business plan on how they will survive the next two years. They have already sold the X10 to Stanwell and are sprucing it to customers, but as yet don't have a prototype. Sales of ZBM3 will dry up as customers wait on bigger better. Poor management to announce a new product before at least building one and testing . ZBM3 is 15 years in the making they are not going to build a new product in twelve months. There non-dilutive finance has already dried up with Queensland gov backing off and putting condition on cash handover. There is little or no chance of anyone offering non-dilutive finance when they are not Backing ZBM3 long term and don't even have a prototype to show. what a balls up they can't seem to get anything right. The factory was never going to produce a positive cash flow from day one even the drover's dog could see that. So they are going to end up with a factory that building a battery they are not supporting in the long run. Even at best estimate it will take 2 to 3 years to get X10 up and running, with no shareholder support and no cash to build a new factory and no chance of ZBM3 ever becoming cash flow positive. Just what is their business plan.
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I assume when you say "There is little or no chance of anyone offering non-dilutive finance" then you are not confident in his webinar statement that such an announcement was imminent? Not too long to find out I guess.....
(20min delay)