I'll second that whatsup, I almost store reading that post at "This raise is not necessary". How ridiculous. How is the Co. to double production capacity without cap injection? I can imagine the conversations between the relevant parties, something like this.
AL3 - "So you guys need rapid expansion of your ability to carry out maintenance, overhaul ships and build new fleet. to do that you need rapid growth in the 3D printing ability "or else". Doubling our capacity is a major investment of shareholders wealth and with it some risk"
DoD - "If you guys raise some funds, and quickly, get cracking with doubling your capacity, you would be in a good position to get a solid return on your investment, wink, wink"
And then there was the $900m contract? to Blue Forge. they own 2 printers and lease 2 more if I'm correct??
How anyone can say this is not good short or long term is beyond me.
Have a good WE all, see ya's all Monday
AL3 Price at posting:
21.0¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)