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04/04/18
15:46
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Originally posted by dingok
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just when not if I am banking on this company ill give it to before Nov before a lot of escrowed shares are released.
Management whilst things may have been out of they're control they have clearly demonstrated that they didn't have the experience or knowledge prior to listing of commercialisation or experience. Given the ambiguous Half Yearly goals last year they did knock off a few goals all but a T1 signing which they where going to be crucified for if didnt achieve and have rightly so by the market. Since starting this adventure its seems obvious they were hit with the cold hard facts of the industries that
(a) production output will need to be significantly increased before deals will be signed. which they believed 25kg-100kg would have been enough to supply market.
anyone wondering what happened to the 2000gallon reactor in the Ann the 2x 50 gallons are up and running and the new 900 gal being installed currently but no mention of the big girl that was meant to produce 28000kg/pa? reactors aren't cheap!
(b) they were looking at 6 months-ish for commercialisation from listing, but have admitted process can now take anywhere from 12-18months,
(c) safety approval- should have been a no brainer from the get go.
Well why weren't samples sent and pilot tests done earlier in 2016 before listing they had the facilities in Israel around 25Kg/pa from memory. what happened to low hanging fruit in DYE's Detergent markets agree with many DTZ listed 12/24 months too early doubt it would have gotten much traction without the Funds tho.
glta ill hold or sell out before next CR
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LOL 'low hanging fruit'.