Ann: Quarterly Cashflow Report, page-5

Oz, if you are calling the product a dud I disagree. If you are calling the company's performance or them a dud well the situation speaks for itself.

If you are building the best train out there for about the same price as other trains but it doesn't work with the existing rail network?!?! Well that's a dud business model/plan.

If the govt have been mumbling for years that a new, suitable rail network is being constructed and in its infancy then it's a timeline thing....and of course the HUGE risk is CFCL are too early and focus of the device isn't quite right for what is slowly emerging as the outlook of renewables and distributed generation

But to answer your question I have not bought one. Why? Its not because the product is a dud. I have lived/worked in 4 different countries the past 5 years and don't own property. So not about to buy a unit for a leased property or for the hotel I am living in.

So for me the question would be IF I owned a property in Aus would ibuy a unit? I wouldn't as you only have to look at the current arguments between utilities and homes with solar over agreed FITs and utility companies playing games to realise that the Aus market is no place for mCHPs units. Too much sun. No FIT, and utility companies who have it too easy...not to mention no local sales or service support for the product. If CFCL were even paying the local market anything more than lip service and spending a singel cent on the AUS market IT WOULD BE A COMPLETE WASTE OF TIME AND MONEY!

BUT, I have tried to buy a Bluegen unit for a family members unit in Pimlico, London. Where there is sales support, FIT and technical support. I learned a whole lot from the exercise as since the apartment block is multi dwelling with different gas and electricity suppliers and a shared basement, it was simply too hard as a single resident to have the others to agree that part of the shared basement space could be used for a Bluegen. The required utilities (power/water etc) run up four floors from the basement to the unit. The unit has no lift access, just stairs and if all things else had been easy we would have found space in the apartment. But gas supply, metering yadda yadda all made it too hard.

I hope that I can revise that statement to "For the time being" its all made it too hard.

So, its still a cluster fark even in the UK with good FIT and reasonable economics. The whole experience showed me that for any of this to work the utility companies have to get behind and make it easy. You need to be able to ring E.On and their sales folk and technicians wire it all up...sort out the billing and suss out other folk in the apartment complex etc.

As that is the real problem at the moment. Its akin to wanting fibre connected to your home but having to ask everyone in the street permission to dig up the road etc Organise yout own trades and speak to an internet provider and negotiate a deal for downloaded data and uploaded data....and you foot the whole bill of sussing it

I believe there is a swell of support that energy generation is going in a direction that there will be a place for fuel cell mCHP. I truly believe that.

The role CFCL can play in it is the question....and unless Uncle Locke can bring some more lunch buddies to the table with regards to investment? Well? I don't know. Do you offer them shares? Do you try to secure risky finance against the IP and a % of future profits?  Do they buy 1,000 units and go hit the market ie iPower model?

Is anyone even interested in helping us? I doubt it...investment world probably happy to let us fall over and pick the pieces.

I was comforted that the board have something going for them as a deal like iPower doesn't get done unless the finances of CFCL are looked at.

One of the more obvious options at the moment to keep up going another 6-9 months is simply extending the Bergen facility which has only been lightly tapped at $120,000 odd every few weeks.

I read this

http://www.inertia-project.eu/inert..._ANNEX_2_Relevant_Standardization_Efforts.pdf

http://www.europeanenergyforum.eu/s...ents/files/public/ppt_-_ewe_dinner_debate.pdf

http://www.eurelectric.org/media/113155/dso_report-web_final-2013-030-0764-01-e.pdf

Then I think about stabilising renewable networks. Power to gas. The emerging need for EV charging in the home the coming 5 years. Rising cost of electricity.

It all yells success for an electrically efficient fuel cell mCHP.  If it was a dud concept then would the likes of Toshiba and many other competitors all be growing and maturing their portfolio with the same focus? Given they vary from 1-3 years behind the device maturity of Gennex and it could be argued they are timing their spend and market release better...but someone has to have the most mature technology and whilst there is risk  in doing much of the lifting and convincing folk through Ameland style VPP projects that SOFC mCHP has come of age...there is also added benefit of risking being at the front of the line.

LOL, you may be the first through the gate or first to be shot

Yes, this is all landscape and unrealised potential for CFCL. But, I don't read it as a mugs game for idiots with dud technology. Its a rather new, complicated landscape with new and established players all protecting their turf, not to mention political games being played.  

Is it a good investment? LOL, look at the 0.5c SP!!!!!  Is it interesting and exciting times? Hell yes, and I really hope CFCL can deliver Aussie tech to the world! I have lost a load on CFU but harbor no ill will. I knew what they were up against when I invested, and learned a load on the way.  

I am hoping they can turn it around in part to help with my losses, but I am past that. For me right now its really about the jobs of the people who have toiled away at CFCL for years. The people that have them in their stores not deserving that " i just paid for gym membership and it closed down the next week" feeling.   And seeing Aussie tech prove superior to German and Japanese variants.