Ucore REOs Locked in very hard rock can only be mined with tunnels. Are you surprised, I am not, the government always does dumb things. Ucore continues to be 99.9% hype. US investment continues to be a mark of failure Not one company funded by US in the solar industry years ago staid in business. One the US saw as critical. Several solar private firms are still in business in US for most part making panels with special features as opposed to large volume products. ONe moved some of its production off shore which all government funded ones were prohibited from doing. Do We want Blueline to be encumbered with regulations about what they have to do in US? Boston received funds to rebuild there shipping terminals. They became the number one exporter of used cardboard on east cost. Then China stop taking cardboard. Sorry for my sarcasm but if any thing might cause Blueline to fail it could be Government money. There is just something about it that causes management to focus on wrong things. Like figuring out how to get more government funds as apposed to building a strong business. I have been associated with two companies that received DARPA funds. In both companies the focus quickly changed from creating products that people wanted to creating things that Darpa would fund. End results BK.
If US funds become possible for Blueline what do you think managements attention will be on for the next 6 months. Getting free money or building a strong profitable company? Venture capital may be blood succors but government money is a cancer that is invisible and destroys from within. If it turns out that moving part of blue lines operation to Mexico could be a big boost do we want the fact they took government funds to prevent that?
LYC Price at posting:
$2.16 Sentiment: Sell Disclosure: Not Held
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