It is difficult to predict bad weather. I, too, am hurting from this situation.
Maybe someone responsible for the engineering of earthen banking, and drainage, needs to have their job reviewed?
It has happened twice now. The first KBL recovery to prosperity, after the first bad weather event, got wiped out by the second bad weather event.
All of this is from what I have followed over the years. I too am hurting. . . . big.
From what I am led to believe, the operation itself has the potential to pay back, over time, the debts incurred. The problem lies with how we, the investors, get treated in the meantime.
We could get unceremoniously dumped, or we could get re-involved, albeit with a much smaller gross holding than previously, due to the reinvestment by other entities required to effect the repairs needed to make the operation profitable again.
Please do not take anything I have said as gospel. I have said nothing new. It is simply how I have analysed my own particular situation.
ps. This is my first post after many years a member. Please don't flame me too much
KBL Price at posting:
0.1¢ Sentiment: None Disclosure: Held
