Crailar Technologies Inc. (fka CRLRQ)

[wplong89]

It's like the company said a lot and said nothing at the same time. Zero details on the GP agreement, don't know how to take it. I was under the assumption it was just recently extended until 2021? I'm not even certain if GP having exclusivity for non-woven is great or if the company can't negotiate better pricing as they have a major product launched with Crailar. I guess what led to the termination of the contract is kind of the all important information. Other than that, I am all for the company right-sizing manufacturing. Hopefully they focus only on premium fiber for production as that Q1 increase in production but decrease in revenue was kind of BS. Wish the company had included more disclosure on the reasons for the committee as well as GP contract. Now I feel I don't even know what is going on with the company anymore.

http://finance.yahoo.com/news/crailar-announces-formation-special-committee-130000892.html