The Question.Dear Pip,
Oh Pip, what am I going to do with you? Thought you were finally seeing the light the last time this happen at the first of the year. When you come out of this holodeck fastasy of your that all of us are standing around patting you on the back saying good job. Maybe. just maybe you can see a little reality. Not much, not with that nose of your stuck in an account book.
So you begged Ucore to prove you wrong. That until the first paying contract, be it DOD grant or OEM outtake that the only place Ucore can get money to run the company is from stock sales and line of credit backed by that stock.
So In your great business wisdom, it would be better for Ucore to not to sell stock or get credit secured by stock and go bankrupted and not build a commerial plant in LA. For DOD and US businesses and government to be helded hostage to China's demands.
Just so you would not be proven wrong?
You are good with numbers, ask yourself this. How many shares outstanding does Ucore have? How many shares do other rare earth companies have? I am not talking market cap. Pip. Just the number of shares. I looked it up one time and Ucore was the lowest by a wide margin. They have to survive to get to DOD and OEM contracts. If they had listen to you, they would have when belly up years ago.
One more thing. Did or did I not post that DOD had added to the contract by adding a fifth element to the contract and that there would be a delay. With every delay, Ucore needs money to get through the delay.
Dragon