current production is around 60% capacity and the company is treading water, The best we could expect is 80% plus , given breakdowns , holidays , customer delays etc. The question is, will that increase in production really change profitabilty ? lf production and sales increase above 80% another 2 to 3 million dollars will need to be raised again .Its the same cycle .
We are told 2 new contracts have been secured ,but we are not told the size of theses contracts .
The company needs a large contract in order to accelerate its progress and gain some economies of scale , but they are not capable of producing the required two to three times capacity needed. The question has to asked, are we declining contracts because we are not capable of delivering.
There is one easy solution, franchise the product and allow others who are more capable to take the products forward , and scale down management and costs.
The company is obviously producing worlds best material but progress is painfully slow and shareholders deserve much better.
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