As much as I appreciate the update and I do, there was not one word mentioned concerning the financial audits that were supposed to be done by the end of the third quarter, September 30, 2021, nor any insight as to when we'll be trading again.
I'm glad to learn that sales are up and I do think marketing Gold'nGRO to the Nursery trade is a GREAT idea. However, the Rock Clean update seems to be just another "we're going to try this and test that to see if a committee should be formed and a report submitted to once again test this and try that to see if a feasibility study should be done". My God, this has been going on for years. What ever happened to applying for all the government money free for the taking to address the lack of Critical Raw Materials in our country? Please, stop dragging your feet Dr. Whitney and Co. Thirty years of due diligence and we're still a $5M company in one location.
If you think I'm being too harsh, just go to the home page on our website and read all the press releases from 2000 to now. like the one dated 11/11,2020 that "reported today that it has expanded its management team by appointing Declan Costelloe to the position of Vice President Corporate Development. Mr. Costelloe is an Executive with significant experience in Corporate Finance and Strategic Development. "He will develop and manage strategic relationships in the financial community to improve Itronics ability to obtain financing and expand financial market exposure," said Dr. John Whitney, Itronics President. What ever happened to him?
Oh, and here's my favorite, dated 08/21/2021 that stated "The Company is targeting to have the audits completed by the end of the third quarter, September 30, 2021" In the same press release under "About Itronics" it states "The Company's growth forecast centers upon its 10-year business plan designed to integrate its Zero Waste Energy Saving Technologies and to grow annual sales from $2 million in 2019, to $100 million in 2025" Well, looks like we're really gonna have to giddy up and go to meet this lofty target.
Look, what we're doing here is vacillating, which means being indecisive. Lots of talk about great technology and unbelievable opportunities, but at the end of the day, the years just keep going on and on and on without any tangible changes. Dr. Whitney is a very smart man, but he does not have the driving force needed to fully exploit and market his achievements to take this company to where it should already be. If it were so, we would already be there by now. The reality is when you hold something too tightly, not only do you hold it back, but you risk killing it. At 74, Dr. Whitney is very comfortable with the status que, just going along day by day keeping everything just as it is. Unfortunately, I anticipate that nothing is going to change here until there is a change. A BIG change! GLTA
