Saturday, September 15, 2018 2:32:44 PM
I have been trying to get the company to give an update on two things, the RB capitol notes that the 10-q says become convertible 6 six months from issue date, which was April (meaning conv starts in Oct), and the Goldendale plant. The 10-q said the construction was delayed until the next lump of money from RB capitol came in late August or early September. Well early Sept has come and gone and the company has still had no updates on the Goldendale plant since April when the blog said the plans went out for bid.
Lee says John is aware of my first question about the notes and is working on a reply, which I take to mean he is trying to delay the conversion date since they said RB capitol delayed the availability of the money for the plant to Aug/Sep. So note conversion for the early loans from RB should also be delayed, seems to me.
On the subject of the Goldendale plant status I have only gotten crickets from Lee on two prior emails, so I followed up with this:
Lee, I think that is the biggest issue holding back the stock right now, investors incredulous about the new plant being built before the company comes out with more news about needing more funding and more stock dilution. John says the plant is progressing and production will start by the end of the year while the lot where the plant will be built has no signs of any construction and the company has had no updates on whether plant construction has progressed past sending out bids to contractors back in April. Each PR that comes out without any tangible news on the Goldendale plant just magnifies the doubt in my opinion.
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