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Re: plfminthemiddle post# 1908

Thursday, 02/15/2007 5:57:44 PM

Thursday, February 15, 2007 5:57:44 PM

Post# of 8214
plfinthemiddle,

From purely a pragmatic viewpoint, I think we have to see production yet this year. Why do I say that?

1) Our CEO is on record as saying we'll see revs the 3rd/4th Q's of this year. Either you believe him or you don't.

2) We have already seen our first order (with Knowles) come to pass. Are we seriously expected to believe that's it for the year? There are easily more than 100 NDA's working their way thru the process. It's easy to believe we'll see some activity on that front in the next few weeks. If you haven't read the ChangeWave piece posted on PK's blog, I'd encourage you to do so. Pay particular attention to the "Trojan Horse" scenario he (Tobin Smith) outlines there.

3) Jasper Rubber has beefed up its production capability in both the areas of manpower and machinery, with the specific intent to accomodate EP production. Why ramp up in both those areas for a need that is nonexistent? Do you think they plan to "sit on" several hundred thousand dollars worth of machinery, plus have the expense of hiring additional employees just to see their investment sit there and do nothing? Would that be a responsible use of funds? Keep in mind that Jasper Rubber is an Employee Owned Company -- would those representing them stand for that?

I would encourage you to watch the events as they play themselves out over the next few weeks.

regards,
gktignol

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