Apologies if this has been mentioned before as I just noticed this company and read its website. Isn't their technology a complete rip off of the original Carnegie design?
As for funding, if Carnegie is still trying after more than a decade to get decent funding and cashflow without success what hope is there for these guys?
I wouldn't buy this if it was the last company on the ASX especially considering what stage of the game their at.. Broke in 12-18 months is my prediction.
Ann: Annual Report to Shareholders-POW.AX, page-4
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