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Monarch Cement Co. Message Board

bertram31clasic 47 posts  |  Last Activity: Mar 17, 2015 11:05 AM Member since: Jun 30, 2010
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  • bertram31clasic bertram31clasic Jan 8, 2015 2:05 PM Flag

    Why would shorts bury this news ? The quicker they pour money into this pipe dream the faster this company spins totally out of control. Why you ask.? Because they do not have the cash to complete this project since no partners stepped in. Panasonic 's contribution comes in after the construction. Watch how quickly the $2 billion disappears from the balance sheet.

  • Reply to

    Giga factory cost to Tesla

    by bertram31clasic Jan 2, 2015 8:21 AM
    bertram31clasic bertram31clasic Jan 2, 2015 11:39 AM Flag

    This all assumes that the giga factory gets built. My point is that they do not have the cash to see this through and they can not halt the construction process right now because then the whole scam comes to light. This project and progress are very visible so we will be able to monitor it. However at some point the contractors will be walking off the job when the cash runs out. From what I see from the photos they are doing site preparation and doing some foundation work.

  • Reply to

    Giga factory cost to Tesla

    by bertram31clasic Jan 2, 2015 8:21 AM
    bertram31clasic bertram31clasic Jan 2, 2015 10:27 AM Flag

    This is a classic case of taking on to much at once. I think 2015 will be very enlightening . I also think they may have a rough time with this years audit. We shall see.

  • Reply to

    Giga factory cost to Tesla

    by bertram31clasic Jan 2, 2015 8:21 AM
    bertram31clasic bertram31clasic Jan 2, 2015 9:31 AM Flag

    As usual they fail to mention that that they have $850 million in accounts payable and current liabilities that eats into all the good stuff they mentioned. I repeat they need to raise a bunch of money n
    ASAP while everyone still has their rose colored glasses on towards this company. In another few quarters they will be desperate .

  • bertram31clasic by bertram31clasic Jan 2, 2015 8:21 AM Flag

    There has been almost no conversation on how Tesla will come up with the additional $ 2 to $ 3 billion needed to construct the giga factory. We know the cost is estimated to be $5 billion and Panasonic has agreed to run it and supply the equipment which is estimated to cost be $1 billion. Since no other partners have materialized it looks like Tesla's share is $4 billion since they agreed to fund the construction of the building. They have $2 billion in cash which is decreasing every quarter plus at 9/30/14 they have a current assets that are dwarfed by their current liabilities. So being generous where do they get the other $ 2 to $ 3 billion of cash needed ? As a side note Panasonic's commitment comes in after the construction is completed and is staggered as more equipment is supplied on a as needed basis. So Panasonic is really in a wait and see mode and really has no skin in the game.

  • bertram31clasic bertram31clasic Jan 2, 2015 4:45 AM Flag

    Google Tesla Giga factory and you will find pictures of the construction site. It looks like they have broken ground and are working on the foundation. If they stop working on this project than the gig is up because many eyes are watching. Elon will have a lot of splaining to do. I can hardly wait to here the delay excuses. Where are all the partners that were supposedly biting at the bit to fund this this thing?

  • bertram31clasic bertram31clasic Jan 1, 2015 7:53 PM Flag

    Are you not leaving out the billions of $$ of dollars they will be sinking into the Giga farce. From what I have read the partners never materialized and they will need to put in the bulk of the money. I think their share will be like 4 to 5 billion.

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