InvestorsHub Logo
Followers 699
Posts 56929
Boards Moderated 5
Alias Born 04/24/2000

Re: krevata post# 226248

Monday, 06/07/2010 10:43:44 AM

Monday, June 07, 2010 10:43:44 AM

Post# of 286089
Hard to say what it's going to do this week.

Believe they have to find some money in order to be able to supply BP.

From news Friday:

"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."

Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.