Forterra Environmental Corp FEVCF

RE: RE: RE: Early Spring in the East

[staolin]

This is where they are at and what they are aiming for. I paraphrase an e-mail I received from Mr. Wertheim:
They have been operating on very tight funds, as will be apparent in the published year-end financials around the end o March (increased accounts payable). Funding has come from cash flow and the debenture holders (certain officer and directors). They expect significantly improved operating cash flow this year. Likely will want to do additional financing (equity or debt or combination) to fund current operations and, hopefully, expansion if the orders warrant it.
Some of the goals and estimations of the past were found to be amiss attributed to lack of precedence. I hope their goal of another production floor or expansion is realistic based on their knowledge of probable orders. I'd like to think that each year the realities of this venture clarify even more. Let's hope their potential customers will bite, or at least nibble, a little in their reticence to embrace this innovative product.