So the end user gets the electricity and pays for the gas and maintenance, but a 3rd party pays for the installation. What's in it for the 3rd party? Who are the 3rd party and why can't they be named?
Could the 3rd party be CFU, or some-one connected tothe company, paying themselves, trying to look good before the closing of the cap raising?
It looks and smells fishy, but will no doubt get lots of ramps from the supporters.
The real question is what'sin it for iPower and the 3rd party funding it? They get to pay, but no return as the end user uses the electricity. This is very fishy, why would anyone, as in a commercial organisation, spend a total of $2.4m (notice deposit only funded of $635k), for no benefit??
I also notice a change in the climate wording, saving CARBON, not climate anymore, possibly because they are waking up to the fact it's not that green.
CFU Price at posting:
0.8¢ Sentiment: Sell Disclosure: Not Held