It is the company that has released a projected start date, gross profit percentage, and announced they have completed a report that shows the economics are positive. Usually as a company approaches production there is more not less information, and companies strive to build investor confidence they can deliver.
I will give company benefit of the doubt that they honestly believe they will start producton in september/october , though for the reasons posted previously it seems a bit over-aggressive. They could prepare for delays by outlining steps still outstanding but qualify according to unknowns. Reading that some investors think they may be producing even earlier than September just highlights the communication issues.
They could build confidence by outlining the actual general terms of the orders, and letting investors know projected CAPEX, working capital needs, and projected operating costs. BY releasing start dates, estimated revenue and gross margin percentage it is the company not shareholders that opened the door for all the questions.They have stated in their press release they have made estimates so it is not as though they dont have the information.
I believe the company will wake up or get an IR professional very soon and release more information,and do another convertible deal before things get any more difficult for them.
