I actually got a really legit question for the board
something to flashback, the whole point of CFO IPO is to debottleneck the production of CFoam, period.
- when the old CEO, Mike 'alpaca' was still onboard, he boosted the production but more than half of it are not qualify for sales
- then Allan jumped on board fix the problem by implemented the 3 phases program and we achieved first phase and preparing for the 2nd phase prior to his departure.
- now with the new CEO from touchstone, we got machinery downtime.
can you see the big picture here? It seems like nothing has happens in the past 3 years, things come and go. Except the the loan and expenses keep going.
I will have a closer look at this quarterly when it is available. To fellow shareholders, things to look out for
- check employee salaries and wages
- repair cost
If employee cost are still the same while the machine is down, then i can smell something dodgy.
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Ann: Q2-2019 Company Update, page-5
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