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  4. Hollund Industrial Marine Inc. (HIMR) Message Board

Not sure, Viper. They could be waiting for some k

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Post# of 17862
Posted On: 04/11/2014 1:44:11 PM
Posted By: breezy
Re: Viper1 #14553
Not sure, Viper. They could be waiting for some kind of payment on first cuttings, or received some money down and have been buying back. That would be great.

Or, there sure seems to have been a lot of shares sold, so they could have done some of that to generate money. If so, I hope they are putting it to REALLY good use on getting the 120 going, locking down another site, or any other activity that will help generate cashflow in a reasonable timeframe.

It would make more sense to me to try and buy shares from first sales....Just don't know how the cash flow or other financial help may be working out to enable that. Got to have money from somewhere to buy stock back.

Although some would disagree, I think I would be OK with what many would view a bit negative...I feel getting the 120 running and proven is extremely huge. So, if no buyback and they did do a lot of selling, I better see someting on the 120.

I do think we will find out soon. I'll be pretty patient till the end of April...I know that seems like a lifetime, but I did project planning and sponsorship for multi-multi-million dollar projects and you just have to take a deep breath and see how things play out occasionally. Certain tasks and checkpoints always have to be followed, and they are probably just sticking to the plan they have laid out, some things probably required and others preferred, to get to the goal.

What is best in that regard will be best for us also.


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