Good post ! I agree it can take time to put together major projects and making that happen in India is not easy for sure!
But that said, the company has been dark since 2016. News/plan was first talked about in early May and we are now in July. Projects do not need to be finished to put out a basic press release that states the following :
1- The company is in the process of getting current in their filings and disclosures and we expect to have that done xx date
2- The company has been in a restructuring plan, and has eliminated xx million of debts. Those efforts are ongoing ..
3-The company is in the process of negotiating its arrangement with ImpactPPA etc etc ....
The reason I feel this is needed sometime "soon" or "shortly" is that company assets are being used for a new venture and this can lead to confusion. The company has been and is operating and has had millions in sales in the dark period. The stock is trading actively. Management has only a few responsibilities to shareholders and that is to 1 - release regular financial updates and 2- Keep shareholders updated on developments . Essentially being in "dark mode" has , at this point, started to impair shareholder value. Over a short period of time this can be understandable. But given the length of time and the current happenings it creates unnecessary worry and risks about the intentions etc..
Everything I post is my own opinion and people should always do their own research and due diligence on any company they are looking at
AI
