There is some turmoil I suspect between Jimmy and Don. Jimmy seems a lot more aggressive about fixing things. It seems like their differences have settled recently. I know there has been conversations about certain members of management and the BOD and what value they are
actually bringing to the table.
The division of labor and responsibilities is clear, though. Jimmy is in Reno with his operations team and is working as quickly as he can can given the funding Don is able to provide him. As I understand it, an investor will be visiting him this week. I hope that investor is a member here and shares his/her take on their visit.
We are in much better hands on the operations side this time around. You can expect timelines to be delayed, which happens with every project. As I understand it, there is a daily plan that they have laid out and are working through. I forget the numbers, but they're losing about 5 working days out of every 40 if I recall.
Again, I've been told the wait is over and information is coming as early as this week. Based on others correspondences they've shared this week, the closing of the deals to create their subsidiaries is critical in allowing them to fully implement their plans.
There's a lot of skepticism here and rightfully so. The company has made mistakes and fell short of expectations. That combined with all the convertible debt leads to what we have today.
The good news is that we are heading into information and progress at a time when liquidity will return to the market as a whole. We are positioned well for a trend reversal over the remainder of the year. I expect the the company to release a steady stream of information as progress is made throughout the fall. Its my opinion that the we are close to changing trajectory.
Best.
