We are still needing $25-50 million to start the detailed engineering process. It’s absolutely insane that management wasn’t able to secure enough capital from the merger to get this ball rolling.
I know a lot of long term investors who are mad as hell about management’s incompetency and lining their pockets with ridiculous salaries and bonuses for their poor performance. Why is management not holding a Q&A for investors to call in or webex?!?!?
Investors like AO, Walter and Prudent Capitalist are the few exceptions. I’m beginning to think they’re getting some sort of reward for their efforts to downplay this the consistent incompetence exhibited from management.
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