24
Jul
Slightly less drowned
Stock prices recovered slightly after the company announced the meeting of a 21 July final deadline for the flash project. However, the outlook for the next month remains clouded under preliminary forecasts that the company may be unable to meet deadlines for 3 Java-based projects, as well as the expansion project for the initial flash project.
Investors remain guarded at the future prospects of this budding start-up.
“Well, it did have an impressive run in the last year, [for it to be] clinching the ‘Competent Company Award’ for 2 earning semesters, but the company appears to be expanding way too fast,” an investor who prefers to remain anonymous commented. “It doesn’t have enough manpower and resources to complete all these additional projects.”
The CEO could not be reached for comment. Rumour has it that he’s locked himself up in the production room together with other company executives in order to cope with the labour crunch. “He’s putting in lots of elbow grease to keep the company alive, but I’m not sure if he can meet the projected deadlines. I’m dropping my recommendation to ‘Sell’,” top analyst from Shareholders Mega Industries in Technology said. “It’s pretty sad that I’m giving a F- rating to this company, since I can tell that it used to be capable of a A+ rating.”
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