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Re: HelloKitty8 post# 6518

Saturday, 04/23/2022 11:13:14 AM

Saturday, April 23, 2022 11:13:14 AM

Post# of 7422
They have a lot of debt on the books, very little cash and, while new orders are starting to come in, they do not yet come close to covering the expenses. Previous management destroyed investor confidence by over-promising and woefully un(der)-delivering followed by a period, with the next CEO, of not promising, or even communicating, further undermining investor confidence. Chris Carney seems to have his act together and also seems to have both vision and a good path forward for the company, if he can execute, but that doesn't negate any of the above. That being said, the applicability of halloysite in the battery and medical realms is very exciting, and with the former, may very well be a situation of being in the right place at the right time. It is to be seen if the new IR firm can help change investor perception and fan the flames of the enthusiasm that we're personally feeling and starting to see posted on this board. As has been previously stated in other posts, what is required at this point are financially meaningful orders or news that would provide better credence to the company's long term viability and success.