RE:Good News or no News- there is so SERIOUS INCOMPETENCE with this company
- SPECIFICALLY, WHY they were NOT AWARE of the REGULATORY COMPLIANCE for the PRESSURE TANKS to STORE the AMMONIA?
- THIS DELAYED the STARTUP of the AMMONIA PRODUCTION SYSTEM
- NOW, they are 'expecting' AN INSPECTION by the END of THIS WEEK
- if they get it WORKING by MID-SEPTEMBER, their REVENUE RECOGNITION and SALE will be BOOKED roughly 5 MONTHS LATER than 'ANTICIPATED'
- this is at THE SAME TIME that they are DESPERATE FOR CASH
- they also 'EXPECT' to CLOSE the SECOND TRANCHE of FINANCING by the END of this WEEK
z173