Euan,
I promised to report here goes;
I am happy to inform you that after spending nearly two days with Ken Kurple and Bill Lloyd, at their Port Huron facility, it is clear to me that they have come to realize where they needed to improve, and have taken what I believe to be tremendous forward steps.
They have compiled an annual report, a copy of which I suggest everybody obtain and read. This will make the matter of stock dilution much clearer. I am sure that you will see, while nobody likes dilution, at least the company has made sure that it has the cash flow to achieve what they need to, in the near and not so near future.
In my opinion they have moved from a total focus on R & D, (although they are not slowing up in this area either). Remember, most of their patents are protected for seventeen years. However, they also are continuing to upgrade and enhance their existing patents, and as well are adding new patents to their patent portfolio. This approach will better secure the company's future and longevity.
In comparison to what I saw over twelve months ago, this is a different company. They have focused in areas to ensure earnings will be achieved, and already they are well on the way to achieving those goals.
They have worked very hard on their corporate structure, seeking the right individuals to complement the company. (Something I have been asking for a long time.) They are also in the process of completing an agreement with an Investor Relations Group who will keep shareholders, and the market, well informed of the future successes of the company.
If you get the feeling I am pumped after this visit, you are right - I am really pumped!
I have liked this company for a long time and have been bugging them to be involved. I know this will happen in the not too distant future.
I feel that shareholders past, present, and future will have a tremendous opportunity to see a good return on their investment. The right moves are being made and the results of these efforts will be evident soon.
I am continuing to accumulate at these levels, as I see a good return potential, both in the short term as well as in the longer term.
The company has certainly grown up!
Thank whichever God you believe in - they have seen the light. |
