Don't know anything about the management. Cant find the previous code to check the details of the Redback deal.
But I reckon they should do deal with RFX. RFX have their demonstration unit in the University so GOE /Redback would know about RFX and they need invertors.
RFX uses "Sunny boy" invertors and they need one for each battery. RFX has a market cap of $100 mill and little revenue. The shares have a lot of liquidity and Hot Cooper followers and other investors like Simon Hackett and Hunter Hall. The company markets to investors.
GOE has $100mill revenue and mcap of $20 mill.- no liquidity - 1 or 2 followers and a deal between then would create liquidity and more followers for the share price and benefit RFX with the lower cost invertors.
Investors then would compare revenue etc. of these two companies and adjust GOE price by at least 5 times.
RFX has no contract sales for their batteries yet GOE has contracts for $100 mill of elec and gas reselling and growing at a massive rate. The potential to rapidly fulfil their 1/20 share of the elec market, based on their sales trend, seems like what they should be marketing to investors, in a presentation.
GOE Price at posting:
2.0¢ Sentiment: None Disclosure: Not Held
