Uninformed trying to make sense of the SEC filings of a company that is supposed to open a factory in my region.

I have 2 links to share, and I’d just like to understand what this all means in regards to the likelihood this company will successfully build the mill it has committed to build.

From what I gather, the facts make it look very grim. But, I have no idea if maybe all this is just normal.

People here are very concerned by this news, as everyone had assumed it was a lock. Our state invested $15 million of taxpayer money directly into this business, and hearing all this today after their SEC filing is deeply troubling... at least, I think it is.

Could someone please explain what is happening, and if these are bad indicators or just normal?

The story with details: https://www.courier-journal.com/story/news/2018/09/20/braidy-industries-financial-filings-aluminum-mill-lacks-financing/1366453002/

The story from Businesswire about the secondary option: https://www.businesswire.com/news/home/20180920005677/en/Braidy-Industries-Launches-Common-Stock-Offering

Submitted September 20, 2018 at 04:04PM by East_ByGod_Kentucky https://ift.tt/2PQADio