DEL 0.00% 3.3¢ delorean corporation limited

Ann: Investor Update Presentation, page-7

  1. 196 Posts.
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    The table is somewhat misleading. Essentially, DEL is spending almost $4million to release the LGC shortfall for over $5million they have locked away in fines. So essentially from what I understand is that they've spent almost $5million in cash for absolutely no return and/or productivity gains. Talk about shooting yourself in the foot.

    Essentially just lost the capability to build the Richgro facility for zilch return.

    Edit: at least management finally broke down the numbers. The spelling mistake in the table also summarises their incompetence at controlling risk management when it came to their LGC strategy, which was ambiguous at best.
    Last edited by TheSourLemon: 02/08/23
 
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