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Newbies need to be cautious with comments like these which led...

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moboy

234 Posts.

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10/04/18

17:35

Post #: 32355043
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Originally posted by Gator21 ↑

Let me try and spell this out .... Cfoam was developed by Touchstone (Brian Joseph) years ago after almost a decade of R&D and circa $60mill of US govt backed funding. Cfoam is the vital ingredient in all Touchstones products/parts/tools/etc which go into supplying customers like NASA , Boeing, US Department of Defense and many more.. Now as Touchstone grew it needed more Cfoam so rather than expand the production capacity themselves they decided to spin it off as a completely separate business which is now the ASX listed company Cfoam limited (CFO). Think of us as a lumber yard for CFOAM.. We make it, they buy it and whiz bang they make a Boeing 747 wing tool. But now due to its unique properties (strength, weight, Fire resistant, etc) we have demand from literally hundreds of other customers world wide who will use it for 100's of different applications. rack m and stack 'm!! This is a very simple business that (when done right!!!!!!) will make serious amounts of money for decades to come. We just need to get there!!

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Newbies need to be cautious with comments like these which led to the rise of this SP to 80s soon after listing.

CFO Price at posting: 18.0¢ Sentiment: None Disclosure: Not Held
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