For a shareholder I'm surprised you don't understand your investments better than you do.
Management committed to commercialising SFI back in April 2016. You will notice this finished product secured the Eagleview partnership shortly thereafter. At this point Eagleview with all their experience and capital requested multiple upgrades to the system. These upgrades are what CASA is approving now.
The payoff - Eagleview would fund everything and take SFI straight into the US. Given the US market will make SFI a multi-billion dollar company compared to a few hundred million in Australia, management decided, quite rightly to pursue the Eagleview partnership.
There is nothing more frustrating as an investor to follow management's advice for so long and for them to change course on what they have said. SFI have been pretty bad to put it nicely. I share your frustration.
SFI Price at posting:
8.8¢ Sentiment: Buy Disclosure: Held
