This was the right company doing the right things through private investment for a long time.
Unfortunately they either needed more government support to build out faster to scale up in size, or to prop up end user demand they needed a government stimulus to make choosing their product more economically competitive.
I am disappointed because I have watched this company since 2009, rooting for it to take off, and because I think Geothermal Power is just about the best clean and renewable energy source available to us today and the foreseeable future.
What's likely to happen now is the end result is more likely to be that in order to survive to fight the next fight, common shareholders are going to take it on the chin first. Their equity will be the first to be sacrificed.
Time will tell, but RZTI has been fighting an uphill "cash" battle from the very first day I started following them. There comes a time when "out-of-cash" means "out-of-business".
I hope more private equity can be found, but when companies are in times of need, they are never in the best position to negotiate.
