Followers | 4216 |
Posts | 13632 |
Boards Moderated | 6 |
Alias Born | 12/14/2012 |
Thursday, January 29, 2015 11:03:40 AM
In the past I have spoken with the Mike Schmidt, the CEO of the company and Dave Downing, the Director and CFO; these men impressed me with their direct and candid discussion about both the good prospects of the company AS WELL AS the difficult challenges confronting the management team - they were positive in their demeanor yet made no attempt to "gloss over" the obstacle of the debt structure that is currently stifling the company's stock price and hindering it from raising capital. They are in litigation now seeking to renegotiate these debt contracts while simultaneously pursuing contracts with the federal government (the military) for the purchase of its unique LED lighting equipment.
Resolution of legal matters takes a long time to wind its way through the civil litigation system. I am aware right now, for all practical purposes, this is "dead money"; however, as I have said, I think this company can, and will, eventually turn this around and I am willing to wait until this occurs.
FEATURED Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM
North Bay Resources Announces Mt. Vernon Gold Mine Bulk Sample, Sierra County, California • NBRI • Sep 11, 2024 9:15 AM
One World Products Issues Shareholder Update Letter • OWPC • Sep 11, 2024 7:27 AM
Kona Gold Beverage Inc. Reports $1.225 Million in Revenue and $133,000 Net Profit for the Quarter • KGKG • Sep 10, 2024 1:30 PM