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You are right that the market likes it.
Deliver me from those guys on big jobs that get "downsized" out. We have had enough of those. Remember Colin?
I just hope no one replaces Raber. Just save the money.
BTW am I reading the financial report right and cash burn was $2,230 for last Q?
Am I reading the report right and our cash burn for last Q was $2,230?
The highest average cost I know of is $1.28. How can people be down 90%? Me thinks 300% will satisfy most investors.
I just thank my lucky stars that I sold at $7.05 as it was coming down from $7.50.
I am up 106.89% on my last purchase. Many investors have substantial gains from buying at the recent low area.
I would have taken my cost out today since I have a one bagger if I had been at my computer
Yes, he was mistaken in his figures. A lot of things changed. Larger processors. Premelts. And the list goes on.
There are not "thousands" of investors. Perhaps not even a hundred.
$ 1.6 mil sounds about right to me.
All of them but JBII. JBII problems are execution. That will come together soon and we will move forward. Better days are ahead.
Sure looking like better price than that now.
The media credits were innocently mishandled for which he received a slap on the wrist.
I thank my lucky stars that I was able to get a truck load at $.29 after having sold at $7.05 in '09. Am up 48% already.
JBII up 44.3% from recent low!
Bordynuik never received any fund other than his salary.
By the time needed Pipe will be set at $1.00.
JBII up 44% from recent low.
The all time high was on 12/29/09.
$7.75 with a close of 7.25.
1/4/10 traded at $7.30.
On 2/15/10 it traded at $7.105
YOY figures are meaningless. We are interested in long term new highs and new lows as in $7.70 high and $.29 low.
Have to wait on sell to be sure a turn was made as in $7.70 down to $7.05.
Right. Not so good. I sold a ton at $7.05. The high that day was $7.70 and it closed at $7.25. 12/28/09. Vol. that day 521,960.
Bought back a boat load at $.29 on 5/1/13. Vol.that day 698,130. I got a big chunk of that.
To move the positions I move, I have to have those high volume days.
I thank my lucky stars that I sold all my shares at $7.05 and then bought them all back at $.29.
Look at the beauty now!
My thinking exactly. Tried to do too much too fast. Should have stayed small. Kept costs low. Achieved CFP. THEN moved to bigger and better things.
A four months pay like he got is customary to give someone when you fire them.
Locate and hire! With what?
Do analysis! With what?
New engineers! With what?
Status of Rock Tenn deal! That is known.
Bring on experts! With what?
Sell off! Absurd!
Install professionals! With what?
John leave! He and the loyal people he brought are our ONLY hope.
I'm for practical solutions. Get three processors producing. Then assemble those on order as they arrive. This can be done as is being done now. Just keep it simple. Don't need anything to do that. Just get 'er done with what we have and have the tankers off load the fuel and deliver it to the existing customers.
Not complicated at all.
All reputable companies do 3-4 mos pay. CFO could handle that. Certainly the person that had him "resign" could have paid that much.
There is no BOD. I just hope there will be one but I doubt it.
Will just have to assign some salaried people that duty until company is more established so that members could be found. None can be found now.
Well, how do you know about the intentions of the Whales?
Precisely what would you do to "get things going"? What "significant changes"?
I just want to see those three processors running full time. Others assembled. Nothing complicated. Just processors processing.
Sales are there waiting for fuel so that's not a problem.
AND don't bring in any more "outsiders".
Well, John did the same thing with Rauber that Rock Tenn. did with Rauber. Got him gone.
You are right in that John CAN NOT hire. At least he sure has failed lately.
You are wrong that he[John] should go.
There are a lot of competent people on board that have been there from the beginning that John brought on board. I'm for moving some of them into the top slots. Better than going outside again.
He did screw up the media credit thing big time.
He has kept competent people from the beginning that should have been kept. I'm not aware of a single person leaving that we did not want gone.
Pakit and Javaco are ancient history. He dealt with them properly. Just like Rauber. He got them gone.
Rauber's leaving has nothing to do with Rock Tenn except possibly improves the situation.
I just don't know about the current COO that is moving to CEO. I will defer to RAW on that.
F communicating. Get the processors processing. That's what we need a CEO to do. The fuel is sold. Right? Just needs processed!
Did not John pick him, realizing John has had zero good picks.
To get him to go quietly.
He did NOT quit.
There is no BOD in place or even waiting in the wings.
He didn't quit. Book it. He was put on the street by John.
Does that do anything to get #3 running? If not. Who cares?
YOUR 255276:
I HAVE USED ALL MY POSTS SO WILL ANSWER YOU HERE.
NOTHING MATTERS IF THEY DON'T GET # 3 RUNNING. THERE WON'T BE ANYTHING TO CARE ABOUT.
IT IS MY UNDERSTANDING THAT ALL PRODUCTION IS SOLD. THERE IS JUST NOT ANY PRODUCTION FROM #3. ERGO, NO SALES.
I don't want anyone doing anything except getting Processor #3 running. Every employee should be working on that and that alone. Nothing else matters at the point. Save the company first and later things can be done. Who agrees with that?
If you aren't working on running #1 and #2 or getting #3 running, you are wasting your time at this point.
Where does Wesson fit in, COMMANDO911?
Just have one of the positions. Both, CEO and COO not needed. CEO telling COO what to get done? Anytime you have one reporting to one, one is not needed.
And you can bet that Rauber didn't leave on his own accord.
Now move COO to CEO position and eliminate the COO position.
In the industry I was in before retiring, 8 levels of management were reduced to 2. The thing is those 2 were more efficient than the 8 had been. [levels are from the hourly worker on the floor to the CEO.]
I'll tell you one thing. A COMPANY THIS SIZE DOES NOT NEED A CEO AND A COO. ONE STILL WON'T HAVE A FULL JOB. TIME TO CUT COST!
AS TO A BOD, I WILL BE TOTALLY SURPRISED IF JOHN IS ABLE TO GET ANYONE TO SERVE. TOTALLY!!!!!
Nah. He was let go by them. He's toast.
OH! My bad.
Still John has had time to look at him. Better than "off the street" or another "downsized out".
Jesus! That's for sure but we have the same chance of getting Paul as we do Jesus.
I'm telling you. No one is going to serve on the board. It will have to be someone that is on the payroll. No outsider will serve. Period.
I say we don't need to be spending money on an AGM. Period. That's been one of the problem. Spending money on things that aren't directed at getting processors running. That's all that matters at this point. PROCESSORS RUNNING. Sales are already supposed to be there. Right?
There's already been too many meetings, trips, PR spending. Stop spending that isn't going toward starting a processor.
Only thing you have said is that he left the plastic out in the rain! What else are you blaming on him that is causing your ranting.
I don't want to see another one from "off the street" or someone being "downsized out".
I say John has had time to look at Bogolin and that is our best bet at this point.
You got to tell me something besides "he left the plastic out in the rain". He was the CFO, for goodness sake. What in the world does he have to do with operations?
The CFO can do that? The CEO could or someone else in the direct line of management but not the powerless [as far as operations] CFO, for goodness sake. The CFO deals with figures and finances. Not operations.
What is wrong with Bogolin? Specifically?
Who to take his place? Someone off the street?
Get real. Not mad.
John has had time to observe him and his performance. I say that is our best bet over an unknown. Unless you are willing to move up there.