Ann: CFOAM Limited Investor Conference Call, page-17

Look so far just about all sales is to Touchstone.
Now any sale is a good sale but not if they have been controlling CFO . Because the reason CFO raised money from us was to pursue commercial applications.
And for a year they have failed.
Why do you think noth Placha boys have gone, does anyone really believe the personnel reasons. They obviously were asked to leave.

For CFO to grow to the company expected will be from commercial contracts. Yes defense contracts will be good nut none of these contracts will be with CFO but instead with Touchstone and the market will want to see CFO contracts.

If CFO want to raise money to significantly expand they will need their own contracts and own path, not just existing on the coat tails of Touchstone.
It is no good plodding along as they have been.

Yes a Touchstone defense contract will be very good for CFO but for a year they got no contracts and that had to change.

Hence waving goodbye to the lads.

Let's see what Alain says tomorrow.