I agree the principals loaning money to the company certainly a positive sign, though the CFO having as second on the mill may raise a few eyebrows. But company needs funding now to meet their own stated projections. Where is it ? And the lower the share price the worse the terms for shareholders.
Frankly I would have thought all shareholders would be demanding key basic information be released, and that company brings some cash in the door right now- whether mill re-opens sepetember or january, it does seem on track to do so. Anything that reinforces that path, and the presentation of that path as a credible one, will help the company.
Why is CFO so afraid to release some information but not other ? You cant release forecast revenue,start dates, gross profit %, $9 million in orders, etc, and not release estimated currnet operating costs,CAPEX, working capital needs. I believe CFO is getting very poor IR advice.
This management led company to a 5000 to 1 reverse split, past is the past but certainly shareholders should be able to exect a coherent,confidence-building reasonable and effective IR strategy ,implementation and results.
It seems most of us on this board including myself believe stock price should be steady in the $.05 to $.10 range, why make excuses for management ? They will need to dilute further, so even more reason for company to get a handle on their marketing- if not effective then improve it. Proof is in the pudding, they do a 5000 to 1 reverse split and price is trending down.
