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Saturday, February 01, 2014 11:57:49 AM
"Good(buy), it was nice knowing you."
I have 300 shares left, so I sure hope you are wrong. I think the only hope for this company is that they raise enough funds to buy a facility of their own--the one supposedly in Texas; otherwise, wood pellet producers are just paying KGET to take on the dirty work that eats into profits--logistics-- securing shippers, hiring/firing buyer agents, using Google Translate.
I don't think the co. is an outright scam, I think it is a sham. Scams try to take your money, while shams just overstate and under-deliver in the hopes that tomorrow's gamble might just pay off...someday. For instance, "Oh...you don't want our RDF pellets, how about wood? Oh, good wood would? Good as wood."
I think Bo sees an opportunity, is going for it, and will eventually hire some lumberjacks to get the job done. And, in the process, sell and market products for partners along the way.
I made some money and lost some money on this one--a tiny gain overall, but what a great education for me.
I have appreciated all your thoughts.
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