GREY:CRIUF - Post by User
Comment by
deisman03on May 16, 2018 12:41pm
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Post# 28040088
RE:RE:From RBC
RE:RE:From RBC If you look back to the $11+ fickle finger last year, it was right around the time management released Crius retained units. This dilluted the remaining unit price by close to 20%.
This was picked up pretty quickly by shorters. They started their attack at that time.
When they released those units their payout costs rose in direct proportions.
It was a recipe for disaster for several reasons.
The first and biggest was they lost industrial consumers. They pay a lower rate because of volume use but they also provide the bread and butter base to operate from.
They didn't build up a large enough retail consumer base to cover the loss. They still haven't.
Solar was another fiasco mostly related to POLITICS. MANAGEMENT should NEVER have even considered investing in such a dubious company for POLITICAL REASONS. Especially when they knew they were going up against GORILLA size players, such as Warren Buffet of Berkshire Hathaway, who sell more traditionally produced power to the grids in the same states Crius operates in.
This went to the courts and they lost. Then they lost another controversial battle recently.
The base is still there though and with PROPER MANAGEMENT it should be able to be built back up again. This is why I am concerned with retaining the present CEO. If he can't be kept under some sort of control, especially politically??????????????
GLTA the good folks here.