Post by
skyhi0 on Jan 19, 2010 1:21pm
Functional Technologies Provides Corporate Update
On a day when we are back to recent lows....This report simply underscores a "wasted year" where management has at best come up with a production model in a new plant that barely meets its expenses if operated a full capacity. One can hardly blame LOM for not promoting it. Thankfully there was some Government assistance so at least we can claim "welfare" status.
When will management come up with a plan to advance a product to market that is apparently in high demand? This financial update amounts to a set of excuses.
Perhaps they should sell the company or come up with a marketing and production plan to create some sharholder value.