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Igor spot on. Lets look at some history here. Back in June 2016...

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  1. 1,306 Posts.
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    Igor spot on.

    Lets look at some history here.
    Back in June 2016 they raised money from us to increase production, and the famous debottlenecking.
    Dec 16 they told us production was at 12k cubic foot and they want to increase to 30k.
    They spent a lot of our money in Dec 16 on new machinery and upgrading existing machinery.
    That was completed Jan 17.
    Great I thought.
    But instead of production increasing it decreased along with sales.
    Along came Alain on his shiny white steed to fix this in June 17.
    He told us he had to virtually halt production in July to fix things and this would effet the Sep result. OK fair enough.

    They raised more money and got a govt grant.
    So surely we could expect a better result in the Dec quarter, yes? No it decreased.

    So how can we have producion at 12k in Dec 16 then spend a lot of our money in Dec 16/Jan 17 and have Alain improve things and still be at 6k cubic foot more than a year later.

    Alain gave himself over 3 mill free shares on top of a good wage..
    How can he justify over 3 mill free shares before any positive results.

    The upcoming con call could be a recording of the last one with dates edited.
    Maybe Silver could comment.

    I was very supportive early on but when tge same excuses are used 2 quarterlies in a row there are problems.
    Yes we know the plan but talk is cheap.
    The plan was to increase production to 30k 18 months ago and it decreased after spending a lot of our money.

    Who takes ownership of this, was the production on Dec 16 rubbish? The chairman and directors signed off on this, not just Placha
 
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