In their last 10-Q, FRD said:
"The Company expects to commence operations at the Decatur site in March 2008."
It's the middle of April. Anyone see any smoke coming from the smokestacks?
The also said:
"In addition to the funds used to purchase the real property in Alabama, the Company’s Board of Directors authorized up to an additional $16 million to be used for capital expenditures and operational cash requirements at this location. At December 31, 2007, the Company had invested approximately $9,700,000 at this location. The Company estimates that it will cost an additional $300,000 to complete this facility."
$10 million is a lot of money to tie up in an idle facility.