RE: This is horrendous6 Dec 2024 08:52
The really sad thing is that this had the potential to be an excellent money maker had it been managed properly from the outset.
If they had focussed all their effort on getting one solid demonstrator up and running then planned an expansion that was within their cashflow we’d all be a lot better off.
Instead, pride, greed or insanity caused them to overstretch themselves with multiple projects all starting at about the same time with little return planned for years and some particularly dodgy partners. That they would run out of operating cash was evident about 5 years ago.
Shame, a great opportunity squandered.
This will be taken private for peanuts soon.