TSXV:CART.H - Post by User
Comment by
loubastoneon Aug 08, 2019 6:31pm
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Post# 30008688
RE:RE:RE:KUB is still trading at a fraction of it's real value
RE:RE:RE:KUB is still trading at a fraction of it's real valueWas just going to post this, NRU isn’t dead. This play is a beauty and the market is taking notice.
BigMoneyMaker67 wrote: You must of not read the last MD&A or spoke with the company as the NRU is still being worked on, just by a new company. Here, just to make life simpler(from page 5 of MD&A):
Subsequent to the three months ended March 31, 2019, due to continued delays in the completion of the NRU, the Company and the NRU manufacturer entered into a mutual release agreement, including the release of the arbitration claim, in exchange for the Company taking physical possession of the NRU “as is”. The NRU has been relocated to another manufacturer in the Houston, Texas area and will undergo an evaluation and testing during the summer of 2019 to determine what is required to complete the NRU.
When I spoke to management a month ago, they felt it's very possible to get the NRU completed and installed before the end of 2019.