It’s too bad you guys don’t understand how to fund a project for capital efficiency. Telling yourselves that everyone else is stupid may make you feel good but it’s going to lead you astray when it comes to investing. Some things are obvious to people who have worked in finance for many decades at a high level. And this is about as obviously reasonable as they come given the early stage of this effort and the delays and complications ahead. Clear effort has been put into maintaining a lower burn rate while creating everything they need to get approved as scaled up ultimately.
If you can’t see it, you’re wedded to notions that are not a part of contemporary finance and management. Linda clearly knows what she is doing in regards to this, and of course on many other points. All I see is a lot of district of a very capable female CEO. No one says exactly that, but that is what I see.
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