Tuesday, November 03, 2020 9:58:49 PM
Yes, in July 2019 they announced the restructuring plan. So for the past 15 months it certainly has trended in the direction of operation cost cutting and they have done a great job at it. Earlier this year they rented out 80 percent of the building including utility cost. They are down to 9 employees at last official count. They have outsourced all manufacturing. Most of the sales staff are outsourced (Peterson Enterprises) as well. R&D is very minimal.
I feel like the operating cost cutting trend has to flatten at this point. My question to you, JR, is do you seriously expect that operating cost cutting trend to continue?
What more costs can they cut?
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