This is not the quick buck pick, that's the FITX l
Post# of 56323
Posted On: 04/08/2014 8:18:40 PM
This is not the quick buck pick, that's the FITX long mantra. There's risk - I could buy more but I won't. I love this blog/board but nobody is taking about "what if?".
At risk of joining the hated poster list here goes...
The burn rate of an accelerated construction plan is high. I did capital equipment installations for many years. Accelerating a project means overtime and epiditing fees. We love the photo updates and how quickly the progress is moving. My 1st question is: Are there contingancy funds for the unexpected?
I was part of a green field project in Argentina. While looking for land when we discovered a new construction that was 50% complete that ran out of money that we picked up for pennies on the dollar. This project isn't 10%. So - Is there the chance this may never get finished?
My point is: A car is sold when money is in hand and the car drives down the road. The Seeking Alpha piece today opened my eyes to some serious competitors in Canada. MDCN is up and running and is huge. Though it's smaller, TWD is up and running. Sure FITX is supposed to the future of "Super Facilities" but remember it's not shipping anything.
I've invested as much as I'm willing to lose. Until product starts shipping this venture is having a purchase and sale agreement for a car in hand but the car is still on the lot and the buyer says he'll be back with the deposit. I'd feel stronger about staying long if there was a week at or above .10 but this constant bleeding has me worried.
Ok - crucify me. Sorry.
At risk of joining the hated poster list here goes...
The burn rate of an accelerated construction plan is high. I did capital equipment installations for many years. Accelerating a project means overtime and epiditing fees. We love the photo updates and how quickly the progress is moving. My 1st question is: Are there contingancy funds for the unexpected?
I was part of a green field project in Argentina. While looking for land when we discovered a new construction that was 50% complete that ran out of money that we picked up for pennies on the dollar. This project isn't 10%. So - Is there the chance this may never get finished?
My point is: A car is sold when money is in hand and the car drives down the road. The Seeking Alpha piece today opened my eyes to some serious competitors in Canada. MDCN is up and running and is huge. Though it's smaller, TWD is up and running. Sure FITX is supposed to the future of "Super Facilities" but remember it's not shipping anything.
I've invested as much as I'm willing to lose. Until product starts shipping this venture is having a purchase and sale agreement for a car in hand but the car is still on the lot and the buyer says he'll be back with the deposit. I'd feel stronger about staying long if there was a week at or above .10 but this constant bleeding has me worried.
Ok - crucify me. Sorry.
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