Congratulations!! I hope the stock goes to $150.00 and you make even more money. Despite the fact that the company stock is zooming along, I still have serious reservations about the stock, and I do not have any present plans to participate. I went over the last 10Q and I'm still troubled by the the fact that (1) the CASH raised by the last public offering is still not being utilized, (2) that 10s of millions of dollars are sitting in the "corporate account" (the company has split up into Zoltek Carbon, Zoltek fiber, and corporate)yet we're told that they may borrow money next year to buy the land on which the Texas plant is being?? built,and (4) that there's little increase in the capital equipment line despite promises of new lines coming on, etc. I sincerely hope that my concerns are misplaced and that the Zoltek stockholders make a fortune.
By the way, all is not lost however. Having sold my Zoltek stock in early July, I was able to use the money to pick up MAKV, a Cabot recommended stock, at 18 7/8; it closed on Tuesday at 33 5/8; so we're all doing OK.
I plan to keep following ZOLT, if not out of curiousity, as a future investor when and if warranted. Continued good luck with ZOLT. |
