Hey Squacker! Wake up! Good News I think!
Here's a post from RB. If Chip is right, it means that not only the Aurora deal went through, but the Company is already using some of its stuff.
I wonder why Phil has not released any news. As usual he doesn't pay too much attention to such details.
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By: chipwa10
15 Feb 2005, 06:37 PM EST
Msg. 7471 of 7475
This will be as neutral as I can be from the trip!
HIGHLIGHTS!
Spent the first hour with Phil where he reviewed the history from Majestic, Global and Aurora. Also gave us his background. Phil was very open and down to earth; give both the positives and the negatives.
My estimate of Finished Goods Inventory; 25 Classrooms stage for shipment on about four acres. In Process work on the shop floor; 2 standard Global units and 2 Aurora units (much bigger than what global units are}. They set up a job shop line to handle that build at this time. They have 5 production lines.
There is a lot of raw inventory, a good part of it from Aurora; steel, wood and the rest of the material to finish many assemblies.
They picked up much more than just drawings from Aurora; including finished units that that can be shipped and installed, at leased a part of that F/G Inventory which is in Southern California. Being held by the leasing company that got stuck with them when Aurora went under. There is some kind of arrangement between the leasing company and Global on I'd say a 50/50 split of the net after installation on site. Good deal for Global.
YOU CANNOT USE AN IRON, OR WOOD in the factory. Maybe putt, or chip a little, here and there. Shop is at about 20 percent capacity. Full capacity would be 40-50 million a year.
Site is well organized, well equipped and reasonably clean. Everyone seems busy. Maybe 30 cars, trucks and SUV's in the main parking lot.
Currently at 6 million, in nine months fiscal YTD, plus a few days this month. Busy time coming, when its dry and school is out. My opinion and my opinion only they have a shot at 10 million by the end of April.
Now I've gone on long enough, except two things; Shareholder up date coming within 30 Days. News too, but no fluff (ugh, I think some of it via Newswire).
And a full Web Site revamp and full up date, next 30 days.
Enough from me!
Any questions?
First, I'm not buying at this time, but will get money ready, when any upward trend is confirmed. Chipwa1
AI
