Jackgreen floated on a good story but the gloss has come off a bit since then. The big energy retailers are starting to introduce their own Green energy angle and with massive resources at their disposal JGL will have to work pretty hard.
Also at the current rate of cash burn they'll be out of cash by the end of the year. The company has forecast to be cashflow positive by the end of this year but that was based on a pretty lofty customer signups target. If they miss this target by even an inch they will have to do a capital raising. Directors buying frequently but in insignificant amounts seem to suggest to me they know they won't meet the targets and are trying to prop up the share price a bit so any capital raising conducted won't look as bad.
Huge challenges ahead IMO.
JGL Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
