I too wish the company would put renewed effort into a more well orchestrated and consistent P/R department. But apparently Mike and company would rather reserve those funds for expansion and Mike has stated repeatedly that he never, ever wants it to be perceived that he has "pumped" the stock. So, while I disagree with that, he is the one sitting in the CEO's chair and I'm not.
As for the company meeting their goals................with the exception of minor date slips for expansion, I am absolutely convinced that the company is meeting every single objective they have set out to accomplish.
Honestly, many of those "date slips" are beyond the company's control. The labyrinth required to obtain "Track and Trace" compliance was completely new territory for both applicants and the State of California. The bigger point is that they obtained compliance............in spite of how difficult a task that proved to be.
And the construction schedule is contingent in large part to how rapidly the City of Coalinga completes Plane Check Review and issues the necessary permits. That too is beyond the company's control. Once building permits are in hand, it's an entirely different matter, but before then, they are doing all they can do by starting on the Civil package while waiting for building permits. The Civil package includes; earthwork, grading, underground utilities (sewer, storm drainage, underground electric, communication lines, gas, water etc.). All those activities would need to be completed prior to building construction anyway so it is a wise maneuver on their part.
Yes..........I would like to see more frequent updates, but I trust Mike.
