news?, page-11

Well, the plant they built was supposed to be up and running within 9 months from the time they announced ground break. Now we're in month 20 and counting. I really cannot blame anybody refraining from buying this company's stock, regardless of its price. They built the whole damn thing for around $13 million and as far as I can see they are missing the single one last piece, the inner refractory liner. This is like sitting in a new car and having to wait many months for the car keys to arrive.
Obviously their planning abilities are disastrous. Despite coming in 3M under budget, they are out of money now, apparently unable to finance the purchase of an inner refractory liner and feedstock as well. And to make things even worse, they don't keep their shareholders informed but instead tell the bad news when it is way too late.