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Thursday, July 28, 2022 2:50:29 PM
Just a quick timeline/chronology- for review:
We were told on April 12th (via my inquiry and response from Jim S.) that L3 was working 3 shifts and busting it out and that the demo trials were not being held up by waiting on some additional equipment.... but now, here we are almost 4 MONTHS LATER and just recently (with my latest inquiry to Jim S. (on 7/20), we find that NO, the Demo Trial has STILL not started and that we are STILL waiting for demo trial infrastructure equipment ( Kiln(s)- assembled/configured to specification ) to arrive on site!! THIS has to be a suprise for anyone that is patiently waiting as the weeks and months go by without any updates. Why did i have to pry it out of management? why were we not updated and kept apprised? 3.5 month delay on the most highly awaited/most important/'long pole in the tent'/ critical path step with no updates!! that seems very sophomorish/ aka 'rinky dink' in terms of communications (or more accurately- lack of communication) to shareholders..... something you might experience from a pink sheet company where the management is working off a yacht in the carribean, and they all have nice tans on their Facebook home pages..... comon', we (NIO) are much better than that, right?? we are certainly paying the officers an incredibly handsome salary- that should translate into much greater professionalism, proactiveness and expertise....... We deserve updates/status, a 4 month delay on the most critical step prerequisite for financing should certainly constitute 'material news' if the upgrade in title from one of the company officers warrants a NR.....
I also I wonder what L3 could have been working on during their '3 shifts' that Jim Sims referenced in his response to me on 4/12/22 (which is now a post it )?? hmmmmm, if the demo trial could not start until requisite equipment is received, then they are in 'wait mode' and are probably working on looking at their Microsoft Outlook calendars and crossing days off until the Kiln(s) arrived on site..... This may take 3 shifts per day to just track this status on the calendar...... I sure hope they are not charging NIO for 3 shifts per day for that! :)
Frustrated? yes indeed! when months turn into quarters then years... milestones and goal posts seem to be on wheels with this project!!
Just my opinion, you are entitled to your own..... as we all are.....
NCT
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