Bourque Industries Inc (BORK)

[Flatcat]

I think you missed a basic foundation of accounting - it takes money to make money. I have been concerned a long time about the lack of funds to execute POs. Given the BI filings they have not had money to finance product production. They spent it all on demonstrations.

You are absolutely right about the fluff when BORK was in the $3 and $4 range. BI had poor management and were full of themselves thinking the world would beat a path to the BI door. That isn't how business works.

We got the proven point that Kryron is a superior product to what is currently being used. During Sean's short tenure as acting CEO he had no funds to accept POs of any acceptable size. He certainly had no funds to manufacture Kryron vests and sell them on EBAY. The burn rate at BI stripped them of the capability to execute. NIJ was not duped on the certification of Kryron vests. The vests are real and so is the use in armored vehicles.

Now that BI has funding they can accept orders and get on with business. This is not hype or fluff as has been the case in the past with BI. And, these vests are not cookies. My only concern now is if they can find a suitable production facility. With a savvy BOD they should be able to resolve this issue.

Now that they have funding the orders will follow. My guess is that they will now make serious inroads to the current vest business.

I won't say this is a good company yet. It certainly was not in the past. The jury is still out on the new BOD.