If you plan to build a facility, and have secured funding, and planned it out to be completed and producing in 2020, and then can not even get close to have the facility completed in 2020, then its a management error. Outside factors dont need to come into play, its like you planned to build a house, had the plans and money, you get the land and the framework up, and then say you cant complete the house because of a downturn in real estate prices? No, the house should of been contracted to be completed, from start to finish. This has not happened here, using the general market sentiment is trying to distract holders from what a crappy job they have done here.
The company had a set plan, and could not complete it even with 100s of millions, this is a managerial error, plain and simple to see.
CAN Price at posting:
44.0¢ Sentiment: Hold Disclosure: Held
