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Re: westjtter post# 345835

Thursday, 05/23/2024 3:18:41 PM

Thursday, May 23, 2024 3:18:41 PM

Post# of 345952
Hi west, I appreciate your enthusiasm. I was there two years ago. I am more than frustrated, I am edging on thinking unbelievable. I am beginning to think these guys are masters of manufacturing and clowns business and sales. I come from a 40 year career of selling a product from a manufacturing organization. In my career in my industry had hundreds of expansions of capacity and new builds of additions to industry capacity. Never did a company break ground or begin an expansion without at least 75% (most 90%)of added capacity sold the day the new machines were turned on. You just didn't expand unless the added capacity was sold and under contract. Half of my time was selling future time on a machine that wasn't even built yet.
These guys constructed a world class manufacturing facility and didn't have customers lined up to fill the capacity when it was finished??? UNBELIEVABLE!!!
I'm still hoping that these "new customers" that they had lined up will magically pop up and they will announce $300 million in new sales and a backlog of $500 million.
I don't think investors want to see a 20% year over year increase in revenue. That would take 5 years to obtain $400 million in annual revenues. I think they want to see this thing full now and pumping out $100 million revenue quarters with 50 cents per share profit every quarter. We'd be there now if they had this thing sold out when the buildout was completed. Then by now we would be planning and announce our next expansion project.

I thought the same about the convertible debacle but we're still waiting.
I believe the same about Nick. If we don't fillup fast he's gone. He's a manufacturing builder not a sales builder. We have a great manufacturing facility now we need a great sales organization!!
Scary thing is if we get bought out at $15 per share Nick walks away with around $15 million...
The other clowns get smaller but big payouts also.
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