RE: No RNS re shares admitted to AIM ?3 Jul 2020 09:47
Bananaman2 you seem to have missed a very key point in the Fundraise RNS.
'The proceeds of the Fundraising will be used to support the continued development of the Company as it moves from the development phase of its products and technology into the manufacture and commercialisation of them'.
It takes years to develop energy using hydrogen, and I myself have been with AFC for nearly three years so I understand your frustrations. But we are now at the manufacturing stage of the project which is very significant. The main manufacturing will be for the rolling out of hydrogen generators which will be used on building sites and which will eventually replace diesel generators. Hydrogen engines will also be used in cars, ships, boats, all types of applications. Our partnership with ACCIONA is also very significant. They are huge company that deals with infrastructure projects all around the world.
My guess is that once the H-Power fuel cell systems have been approved, AFC will be bought out by ACCIONA or some other big company.