LBT 5.56% 1.7¢ lbt innovations limited

Been in this one for a while now. Starting to look like the tech...

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  1. 94 Posts.
    lightbulb Created with Sketch. 15
    Been in this one for a while now.

    Starting to look like the tech is not as disruptive as the company would have us believe - particularly when potential users don't seem to be quing up to grab one (cost v benefit over existing process) - I would have thought that St Vinnies would be stepping up before now, having had the benefit of the test drive some 9 months ago (I guess they didn't like the colour !!) - and I would now expect that any early sales will almost certainly be at unprofitable margins just to be able to say we sold one.

    I am thinking some time should be spent on an exit strategy for this one - what started with so much promise ............. and here we are - reminds me of the Ralph Sarich Orbital Engine !!

    Fortunately I was in this prior to the FDA approval - but didn't sell when the directors were selling - in the belief there was more good to come - silly me.

    AIMHO
 
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