Hester Biosciences – Growing Steadily

Hi.

While I don’t have a concrete answer, what I have understood with respect to the delay is:

1. Promoter exuberance. Rajiv Gandhi has in the past offered tall claims that do practically take longer to pan out. Timelines are not his strongest point
2. In the initial period there had been delays in getting approvals with respect to layouts and design that took sometime to be resolved.
3. As you mentioned the earthquake slowed down work earlier this year
4. In the last conference call he specifically mentioned the social trouble, in particular the border blockade being another reason for the delay.

There could be others which I am not aware of.

While he sounded confident of running a test batch in December (on the con call) – Personally I think it may take a little longer than that.

Disc: Invested. >5% of my PF