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Saturday, June 05, 2010 10:56:17 AM
While we are very excited to have a purchase order from BP, the challenge of such a purchase order,” said Diamond, “is that BP makes its payment 30 days after delivery. In the meantime we are hustling to raise additional funds to meet demand for increasing our supply. At the same time we are also working on raising additional capital to expand our plant and/or to purchase an additional facility. We anticipate that we will continue to experience the challenges of growth in the coming months and foreseeable future.”
makes me wonder what is being implied and how they will raise the cash. that's all. simple question, I am not a basher, just a shareholder.
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