With the announcements of alliances formed and fund raising...

With the announcements of alliances formed and fund raising coming I was expecting virtually immediate announcement of what the funds were to be used for, that is, purchase and installation of a battery.

It appears that a director is in the USA. Is he there to buy a battery/find out if VRB can deliver?

PCE had a major cash problem - none plus growing operating debts.

The fund raisings have cured that and provide money for project costs in the future. Massive dilution of existing shareholders was the cost of that.

The same old arguement still applies. Is it better to hold a 3% position in a company with growing debts and no funds to undertake business or better to have dilution and end up with 1% of a cashed up company ready to go.

Confirmation that VRB is able to deliver batteries in ANY of the 5kW, 10kW or 256kW-1MW classes is the major holdup to progress.