Jan. 31 at 4:06 PM
$UCLE Wild that an investor is loaning UCLE money in exchange for purchasing almost 10% of UCLE mifti shares for cheap. Good for them. Business wise - this company appears to be toast. Bob/Mike refuse to downsize production capacity to match actual capacity. And therefore this company will never be operating income positive because there just isn't that much demand for their product. They'd need to expand into a niche new market they'd have an edge in. Based on prior results, I do not have faith that they can do that successfully. Here's my 2 year prediction. They will sell off 100% of their MIFTI assets, revert back to convertible debt funding, and then sell the company for less than 0.01/share. But most of the buyout funds will go to paying off preferred share debt, loans, loan interest, convertibles, etc. That's where this is going, unless they merger in a more competent management team and business.
