Well, I had to rush off to work immediately following the conference call, so now I'm back to vent.
First, in response to your question Tmoore, no, there were no specifics about what the problems were with ramp up, no idea of what fixes are needed, and not a great deal of certainty that ramp up will eventually be achieved. They are, however, "cautiously optimistic."
Second, as soon as I heard the comments about shifting redundant equipment to Henderson, I pulled the sell trigger. A move that drastic smacks of serious problems to me.
Third, I was quite annoyed about the lack of specifics provided concerning what the problems are and how they are being addressed.
Fourth, I disagree with the comments about people relying on comments by posters on this board for their information. While I agree that nobody should confuse reading posts on the internet for DD, posters on this thread were not the only ones who were told by the company that production remains on track for the 1st quarter. They also told Red Chip Review, at least, that production is still scheduled for this quarter. The fact that Red Chip was being told the same thing as people were reporting on this thread gave a lot more credence to the information, in my mind, than I would have otherwise given it. I can understand why the Red Chip analyst did not sound happy.
Finally, I will continue to watch this one and may jump back aboard at some point. We now know there are bigger problems than we thought. It doesn't mean they won't be solved.
Good Luck VLNC investors. |
