Post by
dart321 on Nov 11, 2024 1:07pm
Zeolite is sold
all over the world and is in somewhat demand. The question must be asked why is this company not in the retail business of selling it's products it says it has? There is only one response to that question and it's the CEO. He will never get financing again, never get his debt paid out unless he takes 5 cents on the dollar. All his debt is compounded interest over 30 years. His shares will be sold for a few cents if he decides to retire. In my opinion he will never sell his paper and never see his debt paid back and the company will close it's doors all because of someone wanting to keep total control over everything.
It's smart business sense to bring in people that know more than you and let them do their job, the CEO then coordinates the job as a whole but what we see is someone unwilling to do what needs to be done. Oh well another one goes under for no good reason except personal opinions.