Was there money under the floorboards in Dongguan that wasn't found in the seizure of the factory when the business next door bk'd? Or do we still jot know, because that factory hasn't been restored to Ren's (or Seiden's or Chairman Sutter's) control?
By the way, who is in charge now? Who is the signer on the bank accounts?
How are sales going?
Very hard to find data like this in the 2014 10-K.
Last time someone said something interesting about wet coal, Frozen wasn't even a movie yet.
Anyone know if they've sold anything today? Any new mom and pop slurry shops providing stiff competition as before? Did Ren get his factory released from bankruptcy liquidation? How about the pre-paid coal money, was that ever refunded?
For these details and more, don't bother staying tuned. You'll never know anything again.
The price of diesel, btw, is still down in china. It is below the cost of extracting, transporting, pulverizing, watering, mixing, emulsifying, and again transporting coal.
Who are today's big slurry customers? Or did slurry put them out of business because energy costs remained high and competitors switched back to diesel?
I noted that last years filings failed to convey the "going concern" disclaimer. In fact, I got very little from last years 10-K.
How much did he charge you for this press release and the action behind it? It's not wonderful lawyering to be forced to respond to the criminal Ren when Ren won't respond to Seiden. Ren forced Seiden to spend more shareholder money to prove to the bk court that the company is in receivership. Big deal.
Just another dumb scei event the shareholder circus.