But that's not a complete product. The fuel stack is just a part ... a sub assembly. Where is the news of the actual mass market product that it will be used in? There is no point mass producing the fuel stack if there is no commercial product to put it in. Is there any news that any of the partners have a product in which the Ceres fuel cell has been designed and proven? KD Navien boiler for example...That was the point of the July 2013 agreement wasn't it?
note the latest RNS. It probably provides the answer to Moneyspider's question over the paltry £ amount invested by CEO/directors during the recent shareplacing. Key board members have now been given a big slug of options to chase - and 3years to do it. They have adequate skin in the game now (though admittedly not as much of their own as we'd all like).
Some institutions and major shareholders do not lime the directors or CEO,s topping up when a new shares issue is announced or full details raised. I know ow it is positively discouraged in some areas as it can look as though they are in for a quick kill. I believe anyone thatcan raise that kind of money with major institutions MUST have a serious product or be on the verge of a manor breakthrough.
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