Hi espin (and Jake),
I agree with your carefully considered posts.
Although I am also slightly concerned about the lack of sales progress, which has led to the current cash flow strains, these problems are pretty normal for start-ups in their very early stages.
GS has always indicated that it would take some time for EdenCrete to establish itself in the highly competitive, massive and extremely regulated US infrastructure market. Therefore I can hardly imagine that GS hasn't taken all this into consideration and made the necessary funding provisions and adjustments.
Having said this, as far as I am concerned, from mid 2018 onwards, most of the funding of EdenCrete's operations in Colorado should be taken care of out of cash being received from sales of EdenCrete.
Best regards to you both!
Mark
Ann: Commitments Test Entity - Second Quarter Report, page-22
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