I am going to try to give you guys an update on Lone Star Balsa. For the last several years I have not been involved, having retired in 2001 but still owning the property, all equipment and inventory. All the employees still regarded me as the boss until 2005 when I left everything up to Mike and did not come into plant very often. The 2007 fire ended my involvement with Lone Star as I lost all my investment and property. Even with all the insurance I still lost a lot of money. At that point I was through and have not been involved at all, except as an adviser... Following is what I know about the current situation...
In the middle of Feb. Mike was informed that his lease would not be renewed, so he had less than 2 weeks to move his equipment and inventory. That, of course includes finding a suitable building, installing equipment and getting back into production. Not an easy task that also cost a lot of money. At this point I am not sure what the future holds for Lone Star........ I am sure if any refunds are due to customers they will be taken care of.
RW
PS: Now might be a good time for someone with a little capital to get into the business. If interested contact Mike, or even me as I can broker a deal!!