I think also in play there was the proxy of the location to the contracts I believe they had on the wast cost for waste collection. I would imagine shipping this stuff cross country or down south would not have been a practical idea either. But as stated below not just the location in NJ, but why NJ in the first place. There are other states up that way which might have had a better atmosphere for what they were doing. Then there was as stated below the equipment issue.
All the past flubs allow a great opportunity for anyone to get in now. With Coin getting things running correctly, we should see PPS move higher. No reason this couldn't be a $2 plus stock shortly. Earnings next week will prove they are headed that way.
its not that woodbridge was not a good idea .. it was the entire idea behind the start of the co. They sold the product made there to the best of places such as HD and whole foods .. great customers . However the research and development of this location sucked . Being as the co. is a boston co. , woodbride was not a bad area to do the business but whoever picked the location due to the odor problems from the neighbors , was a dunce . Whoever picked the digesters that quickly corroded was a dunce and whoever was making the decisions on the place was clueless as it cost the co. huge amounts of dillution , losses and whereas if it had been put in the right place with the right equipment , by now there is a chance it would be up to full capacity filling and expanding the HD and whole foods orders which was supposed to be the way it was headed but nooooo , now its just a dead issue . had it been done right , the stock price would have never fallen to the cellar .
3. Woodbridge,,,,I know you said it was opened before Ed was CEO ,both are before my time with this Co. But,,,why open a fertilizer manufacturing facility in the N.E. when the surrounding areas can only use your product maybe 6 months a yr.? Why not put it in the sunbelt where they use your product year round and you can ship to the northern customers for 6 months cutting your shipping cost probably by 60% thus lowering your price point to be more competitive.
i certainly dont know why anyone who has been involved with this co. for a period of extended time needs to ask just what have they done wrong . their blunders and screw up are almost too numerous to mention .. and to prove it , might I ask you to look at the ridiculous price of the stock . the market is making new highs for the yr. and just where has it gone to ? there is your proof if you cant seem to believe that ed has done anything wrong .
Previously known as the R.M. & S.M. Family Farm.
Allow me to explain about "the potato farm".
It was profitable. That should satisfy any question in this regards.
As I recall, there were over 450k acres.
Land areas of this size are very difficult to sell.
For this reason alone, it was likely a strong bargain.
The soil was likely in poor condition from over farming.
(Keep in mind, it was profitable as it stood).
If the farm were subdivided, it would be of no value as a farm.
What other use could there be?
The "Family" had lost interest.
They wanted to move on with their lives.
I submit to you, penny, that COIN was not looking for farm land. (In Colorado?)
It is far more likely, that the agents for the "Family" went to them. (On their knees.)
What's #2 in your extensive catalogue, penny?