This has been my thought. I just can’t see anyone wanting to get involved with the balance sheet as is. Declining revenues YOY, as a combined entity they are highly leveraged and strapped for cash. Not to mention they are not meeting the terms of the RLOC they have and had to get an extension to get back into terms by April. With all the heavy hitters involved you would think that until they are able to attract some major players they would simply foot the bill themselves. I mean if this is going to be so big and so disruptive to the rubber industry why not put your money where your mouth is and self fund the first year or two in house. These insiders have mega money at their disposal. So instead of taking on toxic financing or selling millions of shares they could all kick in 5-10 mil of their own money. It’s not like it would affect them at all. If they really believe this is going to be the next best thing since sliced bread and going to be a billion dollar company what’s a few million out of pocket to get it rolling. I mean these are billionaires we are talking about.
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