The problem with this story as presented in the video - and continued here in the comments, is that NOWHERE was it explained how funds were determined to be allocated.
Did UST provide detailed cost analysis for what the $96 million would be buying?
1a - who owns UST? Is it public or private?
Did that money cover ALL The costs for retrofitting this warehouse?
Were there additional costs that would be paid by UST?
Did UST provide an audit trail for where the money was paid out to (including receipts and proof of transaction?)
Was there fraud or was this just underfunded?
Either way - the story is incomplete - and any conversation afterward would be speculation.
EDIT - those photos UST provided seemed like a lot of warehouse racks for $100 million. I'd want to know where the money went. They need to be audited by the government like RIGHT NOW. Instead of saying "whoops."
The problem with this story as presented in the video - and continued here in the comments, is that NOWHERE was it explained how funds were determined to be allocated.
Either way - the story is incomplete - and any conversation afterward would be speculation.
EDIT - those photos UST provided seemed like a lot of warehouse racks for $100 million. I'd want to know where the money went. They need to be audited by the government like RIGHT NOW. Instead of saying "whoops."
Another legitimate question is "Is there still a customer base to sell this product to?"
If there is no market demand to buy their gloves, you stop throwing good money after bad.