I have no idea how I made that mess....No more dro
Post# of 17862
Posted On: 04/03/2014 9:02:38 PM
I have no idea how I made that mess....No more drop and drag for me!!
On your question (what happened)....This is my perspective...They tried to grow to fast and spread theirselves too thin. They did the concession, had the boat working, then got the mill (leased, if I remember correctly), leased three tugs to haul to the mill, then went and borrowed way too much. The group that loaned money started converting shares at crazy numbers and the share price went from over a dollar down to pennies. Overhead from Brazil to points of sale, high interest, and conversion on loans ate them up. Again, just my perspective. Probably a lot more internal issues than I perceived or that were told as well.
Reason I'm still here...Just think it's a great use of a natural (and getting unattainable) resource, and IF they get the 120 in production a beginning to high volume/production that can crank out a lot of $$s. Love the concept, love money a lot too. Can you imagine three or four tigerlynks feeding a mill that's sizing for shipment, and the list of amazing products that people thought they would never see again of that quality on their floors, laminated on their guitars, on their decks, laminates for furniture, on and on.
Then, maybe another location with the same scenario, then another....
Been thinking about that for about 16 years....Just hope it progresses down that path this time.
On your question (what happened)....This is my perspective...They tried to grow to fast and spread theirselves too thin. They did the concession, had the boat working, then got the mill (leased, if I remember correctly), leased three tugs to haul to the mill, then went and borrowed way too much. The group that loaned money started converting shares at crazy numbers and the share price went from over a dollar down to pennies. Overhead from Brazil to points of sale, high interest, and conversion on loans ate them up. Again, just my perspective. Probably a lot more internal issues than I perceived or that were told as well.
Reason I'm still here...Just think it's a great use of a natural (and getting unattainable) resource, and IF they get the 120 in production a beginning to high volume/production that can crank out a lot of $$s. Love the concept, love money a lot too. Can you imagine three or four tigerlynks feeding a mill that's sizing for shipment, and the list of amazing products that people thought they would never see again of that quality on their floors, laminated on their guitars, on their decks, laminates for furniture, on and on.
Then, maybe another location with the same scenario, then another....
Been thinking about that for about 16 years....Just hope it progresses down that path this time.
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