As usual the market reflects the schizo behavior of people bouncing their fears around, accusing whenever things don't work out and manipulating for profit.
I have not posted for a long time because these forums are mostly the above.
Many postings are so clearly defamatory or manipulative that Hot Copper should exercise more control.
Anyway.
The Vietnamese have not performed in 2 years so once you have another possible route to market you remove them. Who would want them as partners for the long term based on the last 2 years ?
Tough decision which will panic the schizos and open the company management up to criticism but had to be done.
Next step is to work the Chinese relationship and any others while raising cash to gain time. Investors who don't like these decisions should sell and move on and not waste time on slandering people etc. Totally immature.
I have bought again knowing full well that this has always been a risk. Building a company like this into something big is a crap shoot as you are so small that you are constantly being manipulated by financiers, speculators etc. The only solution is to stay focussed on the goal and keep working to get cash to survive until you crack a solid deal to build your first unit.
I would encourage the board and management to stay the course and resist the urge to make long term deals with partners who do not perform. They will not improve with time.
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