OTCPK:MEAOD - Post by User
Post by
btrevorbon Apr 23, 2013 12:58pm
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Post# 21290316
Deception
Deception The fact that these characters are now "reporting" through tabloids is a very troubling sign indeed. Anyone notice that production targets have been downgraded to 66% of announced without any offical news release. The costs have doubled AFTER they get to steady state production. "Eventually, the company targets a production cost of around $ 700..." and my favorite....Cash positive. What happened to that? Obviously the previous numbers were overstated and I suspect that these new "unoffical" numbers are just a baked as the previous estimates. Still not in production? That means they have not acheived 60% capacity this year, well behind timeline target.
And the statements all contain forward looking adjectives? It is frightening indeed when management is willing to entertain on the dog and pony circuit with "projected" targets but nothing offical is released for over a month after all the "projecting" they did for the previous three months.
Anyone else notice there has been NO indsider buying even at these depressed levels, not good longs. Higher production costs, not in production, not cash positive, lower production by 1/3 (probably half)
The silence is deafening and when they break it the results will not be surprses to the upside.
