Sorry do you mean there are plans for alternative feedstock? I only skimmed report, but it all seemed pretty grim. The only reason I haven't sold my remaining holdings is seeing the large holders taking positions on the board - I figure they wouldn't have entered if they thought there was no future. Granted I have thought the same of other companies (where a well known organisation took up a large stake), and been horribly wrong. At this point I'm resigned to the fact it might be a 100% write off, but that's life.
Are they just sitting around waiting for something to happen, or is there actually a plan?
On a personal note, why on earth is R Garrity on a salary of $488'000, when that's nearly 1/4 of market capitalisation of company? I'll never understand how someone is able to command this kind of salary, least of all from a flailing company. Also noted there were pay rises across the board from 2008. My own company suspended all pay increases for the year, and we're not in as dire a position. Frustrating to see they're not taking the cash burn as seriously as they should.
TEK Price at posting:
1.1¢ Sentiment: None Disclosure: Held
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