RE:RE:RE:RE:RE:RE:RE:Notes from webinar yesterday 2/9 2021CandyC wrote: @vitalina2233
I still know very little about investing. But I know hiring 3 engineering companies to fix 3 separate processes is not good.
My beef with McWhirter is he "pounded the table" and " $8" and doesn't even take a call yesterday about it.
like I said have a look at his other stocks he pumped and dumped a couple posts down. They all shot up then tanked and never recovered. Do your DD
Not arguing with anything posted on this board, but would like to point out that hiring 3 separate companies to fix 3 separate processes is not nesessariry a negative indicator.
Until the production is launched, the plant is firing on all engines and the whole process becomes well established and steady going, fixing, modifying, improving, etc. is just a normal and healthy part of work.
I am not an engineer, but close enough - a physicist with 30+ years of experience. Among other things, I taught physics to engineers and also worked with data from various Earth orbiting satellites. The process of building and launching a satellite is also very long and hectic. Building a unique science mission satellite (and not a well established mass produced one like a cell service or Internet provider) always takes several years longer than planned. Also, building it always rises a dosen issues that scientists and engineers working on it (and these are brilliant top world class high IQ minds) never anticipated at the initial stage. A 5 year timeframe easily becomes 8-10 years. And then, just days before the scheduled launch, when all instruments are assembled together and thoroughly tested multiple times, some issues usually come up and need to be urgently fixed. Furthermore, when its already on orbit, things sometimes go wrong, and the process of fixing them becomes really interesting.
Cielo plant is not on orbit and not going anywhere.
Just that alone makes life much easier, from my perspective :-)
Also, it seems that the demand for their product is quite high, which forces and pushes them to get this thing going.
Finally, hiring 3 engineering companies to fix 3 separate processes in the 21st century is very normal. A very narrow specialization takes place in almost anything we can think of.
Only a hundred years ago, a village doctor was doing everything - from dentistry to ulcers to fixing bones. Now we have big hospitals with doctors focusing on their narrow specialty only.
The complexity of the Cielo plant required them to hire a separate company to fix each process. To me, it just reflects the complexity of the plant and doesnt rise any red flags.