Tuesday, December 24, 2013

Condi Is Kaput At Kior Leaves The Team

Condi Rice simply could not find weapons of mass combustion at Kior and has left the team and resigned from the board of directors of the Alchemic  pine tree to petrol company.

“Due to the demands of other business commitments and personal time constraints, Condoleezza Rice, Ph.D, has resigned from the Board of Directors of KiOR, Inc. (the "Company") as of December 20, 2013. Dr. Rice's resignation is not due to any disagreement with the Company on any matter related to the Company's operations, policies or practices. In conveying her resignation, Dr. Rice said, "It has been a pleasure working with KiOR, Inc. and gratifying to see the continued progress that the company has made over time. I appreciate the opportunity to serve this company and its shareholders and wish the company all my best for continued success."
The Company thanks Dr. Rice for her invaluable services and contribution to the Company. “

Condi how the hell can we believe you!!!  

Condi’s departure came after the CFO and after Kior announced an update on the “operations” of their alchemic wonder plant in Columbus Mississippi.

 "Given these factors," Mr. Cannon continued, "we believe that, from both an operational and financial perspective, we need to focus our execution on three simple goals: first, bringing the Columbus facility to the levels of operational and financial performance that we expected when we designed that facility over three years ago; second, continuing to develop our technology so that we can improve our yields and process improvements both at Columbus and at future facilities; and third, aggressively managing our cost without sacrificing our long term goals. To that end, from now through the end of the first quarter of 2014, we expect that our efforts at Columbus will be focused on implementing a series of mechanical improvements to the facility rather than production volumes. We plan to operate the facility on a limited campaign basis only to verify the expected impact of improvements we intend to implement. In addition, we continue to see encouraging developments in our catalyst and process development efforts that we believe will continue to drive improvement in yields and overall plant economics.”
I read this to say we will be having layoffs in the near future and forget the crap I told you about doubling down and adding a second plant to the Columbus site.  The silver lining in the whole deal is Vinod Cost Us lost some of his own money and that of his partners.   Will Condi continue on as a strategic adviser to Khosla or will she have other demands for her time like leading us into world war three?

Her buddy Col Powell should also read the green tea leaves and resign from the board of Bloom Energy as he helped that company get over a quarter of a billion dollars of our SGIP money.   The race to bottom between Kior and Bloom has been close but Condi won first prize in reaching being the Most Gangrene Former Secretary Of State.   Hillary is too smart to join the board of a “Green” company or become the team “Strategic Adviser” to a big VC firm.  Hillary simply wants to be President of the United Sates and unlike Condi did not need to sell 6,500 insider shares of KIOR at $13.22 on March 30, 2012 to fund her campaign.  Hill had Bill give a single talk to make three times as much.


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