InvestorsHub Logo
Followers 22
Posts 691
Boards Moderated 0
Alias Born 04/13/2012

Re: None

Tuesday, 01/14/2014 11:33:03 AM

Tuesday, January 14, 2014 11:33:03 AM

Post# of 932
Breakdown/Maintenance

As much as the tray "breakdown" is not positive news, one must take everything with a grain of salt. Previous CSNX updates also had non-optimistic views of achieving funding to continue to operate (this back in April). Alterrus management has written updates that are far from optimistic, to guard (in my opinion) against stock holder lawsuits (which happen all the time due to companies providing too optimistic outlooks).

It looks like they are still producing microgreens and basil, just not the lettuce packages. Of course this isnt good news, and there are always growing pains, particularly in new processes, but once or if back up to full operation, this doesnt mean that they can not be back on track. Not trying to be the eternal optimist, but also not ready t o jump ship due to some hiccups. Again, they have been operating a year, but in that year have increased their customer base 3 to 4 fold, increased products 3 - 4 fold, and havent even operating a full year at full potential, so they still have a ways to go.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.