Intrepid Tech & Resources (fka ITRP)

[gilead23]

I wouldn't have a problem with a shared business model either but....

It sounds like they are contemplating a shift in primary focus to engineering services. That is a huge shift and they should have known a long time ago.

If they are right and this is the way to go you have to wonder where they have been up until now.

Engineering services are likely to be lower margin as well so some of the huge revenue streams we have been envisioning would be replaced with low margin high risk service contracts.

What is wrong with looking for joint venture partners with the existing model and using revenue streams to finance future growth?

I thought this was their business plan. What changed and why is it no longer viable?

My big concern would be that this was a high risk mega-reward play before. If they are just going to be a services company it becomes a high risk mediocre reward situation.