RE:Really...people invest in this???rok233 wrote: Amazing that anyone would invest in this garbage! 7 WEEKS of no production because of equipment failure and they don't even have a website. The huge volume yesterday led me to do some DD and I've discovered possibly the worst stock I've ever researched! Expect this one to hit .01 in the near future.
Operational update
At year-end, the company experienced an unexpected manufacturing equipment failure, which resulted in approximately seven weeks of production downtime and substantially reduced sales and cash flow for the months of January and February, 2017. The equipment is being repaired and upgraded, and the manufacturing schedule is being resumed.
In addition to several existing manufacturing and assembly lines, the construction of the new GRP gel coat manufacturing line is expected to be completed in March and will initially allow the company to produce commercial samples of SpectraLite exterior skin replacement for initial select customers. Tekmodo intends to commercially launch its SpectraLite product in July, 2017. SpectraLite is a highly engineered exterior wall panel to be produced in a continuous process, resulting in a high-gloss seamless panel with improved optics, reduced weight and extreme durability. After completion and subject to testing, this product, when integrated with the company's proprietary substrate (secondary layer) material, Fortis, will be designed to provide the most advanced seamless sidewall skin system in the marketplace due to its appearance, quality and durability. Based on preliminary discussions with Tekmodo customers, demand for the patentable, disruptive SpectraLite is anticipated to be very strong.
Tekmodo announced the delivery of its first shipment of distributed, pelletized activated carbon on Dec. 8, 2016. Since then, the demand for this product has increased and resulted in multiple orders.