RE:RE:Well That Didn’t Last LongAt first I didn't think providing or not providing the numbers is such a big deal but people have the right to know and should as you say i fully agree it is not some real trade secret nor should it be. I am less upset honestly with this point than i am with the fact this company made a real horrible decision not a mistake not to have secondary parts to them. There is 0 excuse to be in this position actually. I fail to accept a company with this top tier talent working in a very highly combustible sector where any little thing if not accounted for can cause explosions like that on the oil rigs so one is telling me that these guys did not have the wherewithall not to have back up parts to things that are going to be heavily exposed to high temperatures heat pressure and electricity. I don't buy this one bit at all. What will be even more problematic is if it was a cost thing that then begs the question how reliable are companies trying to cut costs and corners and would you want to invest in them?
This is really a no win decision for the company actually as this was totally avoidable and will look horrible if the decision was one of cost cutting which I highly suspect it was otherwise why would you not have back ups in place. Whether you think, hope things will not break down due to wear and tear people need to anticipate this and like I said I fail to believe they did not. So I am really bothered by this fact and the fact that too you know supply chain is an issue you are holding up operations and wasting time to save some fistful of dollars. If they needed to figure this out why not put that to the shareholders and say look the equipment as back up will end up costing us and we will need to dilute shares would that be ok? What do you think? Like I said I can't fanthom this is oh we didn't think this would happen scenario no not at all. I think it had more to do with not wanting to add expense. So if people who would have said save the costs and dilution this is what we would get if there are others who like myself would have said well better to do things properly maybe things would be different. But this is one thing I am really not liking one bit--if the company doing everything that it could was not getting favorable results I lost the gamble that is on me but if that which is in the company's control and is avoidable due to foreseeability that is on them and on me to the extent when we received news in July 27th I should have dumped some shares although I did say what I did and really trying to keep to my word which is to hold all my shares longer term even so this was a horrible decision what happened not a mistake as far as I am concerned and as such moving forward I would hope the company doesn't make this type of decision again even if it needs to dilute and raise money to get things right because again it goes to say will they cut corners in the future and would i want to invest in any company like that? My answer if that were the case is no because this time there was not bad outcomes such as people getting injured or killed and bad environmental impact--you don't want any of that with decisions to avoid all those things this was a bad decision through and through. If companies do everything in their power to avoid these severe outcomes that is one thing but if they are cutting costs that is entirely another. So I look at this very seriously. I will give this company this one shot if it happens again I may need to dump shares and go against what i have said so this is very concerning to me regarldess of when the things are fixed and up and running.
As it stands regardless of outcome I would not invest more even should it be affordable to me until this company shows to me this type of outcome will not happen again! It is very important in terms of the bigger picture there was really no excuse for this.
Anyways, I am on the plus side happy with the heating results given if what the company said was in fact in line with expectations that will look positive to divest the tech for those looking to acquire it. I will put this to rest as now I have fully explained why I am annoyed with all that happened here. it is on the broader scale about safety of the workers as well as the environment and you can't make stupid decisions in a very responsible industry but again if you did everything to mitigate things not cost cutting/cutting corners ok but if not I will not want to deal with you regardless of monetary potential.
Thanks Wealth good luck to you as well. I am very happy you made really good returns when you sold congrats well done! keep killing it. Good luck to all I wish everyone to make boat loads of monies with all your investments.