RE: Show of hands14 Apr 2021 15:17
DJ17 - They raised £3.5 million in October, and they have "just under 1MW of finished panels in stock ready to ship". Where did you get the info that they will run out of cash this year? Even so, IMO there's still plenty of time to get more orders, or for the current orders that have been delayed to be fulfilled. I guess that's why the price is so low right now, because of lack of news flow and the risk involved.
Also, in the last RNS in regards to the 2nd generation panels it says:
"The new certification we are aiming for should also cover a wider range of tests and enable wider distribution in more international markets. This process which includes ISO9001 accreditation has recently commenced, and full certification is expected in the second half of the year."
This suggests to me that they are optimistic about trading on the future, not closing up shop so to speak.
Obviouosly DYOR. I'm happy with my investment with the potential upside. :)