Tuesday, July 24, 2007 2:16:53 PM
now add in that the word was that just after this CTL debacle happened, and Jim Albers was rumored to have walked, weisel bought Al Fleming's Port Charlotte CNC garage for 3/4 of a million. so, there wasn't sufficient funds available to maintain the R&D presence in Pittsburgh, but there is available capital to "invest" in a company that according to its crappy website is still working with Whitney Punch Presses (World War II technology, BTW), and is actually boasting about that!
you're a financial analyst, do these "decisions" really add up?!? of course, IMO, you must factor in that AL_tronics is geographically close to Ft Myers, and under weisel's direct control and oversight.
sorry, don't have time to look up info for everyone else so that "we" can be satisfied, although my suggestion to everyone is always to perform regular due diligence and satisfy yourself. while you're at it, call Mesa Associates (256.772.7025) and see what they have to say!
it also looks like the company won't have any presence at all this year at the 2007 AUVSI show next month in Washington DC... http://symposium.auvsi.org/
that makes sense right? spent $10K per month on Ashcroft over the last year, plus the various signing bonus stock issuances and option grants, etc., why would the company want to be present inside the beltway at one of the industry's biggest events?
and btw 123, next month is in the future...
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