Conference call, part 2:
A question was asked about the improvements to the product, and does the spec. sheet reflect these improvements? The spec. sheet still references the old figures, but to use an example, the first set of product handled 3 milliamp's for the 4x4 sheet(correct me if I'm wrong here, those who listened in, this ain't my area of specialization). Now, testing indicates 3.5 with the improvements.
Question regarding whether Delphi was removing any equipment from Henderson with the completion of their joint venture. Delphi will be removing some duplicate equipment but L.D. doesn't expect this to occur until end of year.
Cash Burn rate question: L.D. stated this past year the cash burn rate was 24 Mil. as a result of all the capital expenditures. Ongoing he expects it will be less due to decreasing capital expenditure needs.
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This was about the gist of the call. My apologies for any, and all, typo's, ill written statements, etc.. Over all, my impression is that they're still on track. And based on current price of $4 15/16 x $5 1/32, other's think so too. So me thinks we need not panick. Bottom line? L.D. stated categorically that BOTH facilities are making the laminates(and NOT by hand), although they're not up to speed(his comment regarding sending personnel to N.I. to facilitate this is proof of that), they are moving in the right direction and within the boundaries of his timeframe.
So, as a speculation, the game(however long "winded" it may be) is still alive, and I can stop chewing on my fingernails. Let's see how the rest of the year progresses. Meanwhile, they're are other equities out there needing attention, too! ;-)
John~ |
