RFX 0.00% 9.7¢ redflow limited

Redflow targets “enormous” potential for flow batteries, after tough FY19, page-8

  1. 699 Posts.
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    There is no alternative to giving them more time we are stuck with them good or bad . It not a matter of which sales they have not chased it the opportunity's that have not produced further sales . Redflow Webb is full of examples of installation which appear on the surface to be successful but apart from the printing factory in S Africa which did install more units and a telco in S Africa which went from trials to installs. Even the local good story's in Australia , i.e. electric car charging station and google engineer farm install don't appear to have generated further sales . No good getting a foot in the door unless you can prise that door open . There was a local authority in S Africa cant remember its name but if you believe the spin from that install they should have been installing right through SA . Redflow has made a habit of changing direction each time they change management and this hasn't help they are now back where they were 5 years ago chasseing Telco's which didn't work then because of the long lead time and was part of the reason Simon stepped in. We no longer have the opportunity to wait for long lead time business so they must consider a plan B but I don't think they have a plan B all the eggs are in one basket . At one time there was a viable installation network in Australia small but expanding and generating sales , There are still people coming on this forum and looking to buy but as I found out its almost impossible to buy a Redflow battery in Australia, When they offered a shareholder discount there was thousand of enquiry's my number was in the 1500 . There was a lot of interest and I don't believe it has gone away just no longer a priority for this management.
 
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