What is causing the decline of Honasa Consumer Limited (HONASA) - Free Stock Market Strategy Classes

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“The key element in any expedition is you got to be thinking, what could go wrong? What can I do to mitigate that risk,” Rush told the students via a live web stream prior to one of his voyages. Despite such planning, he conceded, “something always bites you that you didn’t expect.”

What is causing the decline of Honasa Consumer Limited (HONASA) ✌️【Market Trends】✌️ Real-time India stock and global stock indices, futures prices, and data to help you make efficient investment decisions. Rush, the CEO of OceanGate and the pilot of theill-fated Titan submersiblethat imploded this week diving to the Titanic wreckage, understood the dangers of his endeavors.

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“This was a company that was already defying much of what we already know about submersible design,” Rachel Lance, a Duke University biomedical engineer who has studied physiological requirements of survival underwater, said on 【 - Free Stock Market Strategy Classes 】 Thursday. She noted some of the vessel’s design materials “were already large red flags to people who have worked in this field.”

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“The sub, for me, it’s very well done because it’s simple,” Nargeolet said. “Usually they have a lot of equipment and a lot of switches, and on this one you don’t have because you work with a screen and a keyboard and it’s very easy to do that.”

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In online videos, Rush explained the Titan’s unconventional design, which he said included carbon fiber to increase the vessel’s buoyancy. It “hasn’t been used in a crewed submersible ever before,” he said in a video last year.

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“At some point, safety just is pure waste,” Stockton said. “I mean, if you just want to be safe, don’t get out of bed. Don’t get in your car. Don’t do anything.”

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Lochridge also questioned OceanGate’s plans to install a monitoring system on the vessel to detect the start of hull breakdown. His court filing argued “this type of acoustic analysis would only show when a component is about to fail—often milliseconds before an implosion—and would not detect any existing flaws prior to putting pressure onto the hull.”

Court filings from OceanGate suggest there was additional testing after Lochridge left the company. It’s unclear whether his concerns were addressed. OceanGate terminated his employment and sued Lochridge in 2018, arguing he shared confidential information and used the company for immigration assistance then manufactured a reason to be fired. The company’s suit stated Lochridge is not an engineer but a submersible pilot and diver.

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Lance, the Duke University professor, echoed some of these concerns. She said the unconventional combinations of materials used in the Titan posed safety risks because “over the course of repeated pressurizations, they tend to weaken.”

“This is not exactly what, in my opinion, would be innovation because this is already a thing that has been tried and it simply didn’t work,” she said.

It’s unclear how many total deep-sea voyages the Titan took, though a court filing from a company adviser in November said the five-person submersible had taken 28 people to the Titanic last year.

OceanGate appears to have also overstated its relationships with two institutions widely respected for their innovation: Boeing and University of Washington.

OceanGate’s website touteda partnership with Boeing, stating that its Titan was “designed and engineered by OceanGate Inc. in collaboration [with] experts” from Boeing and other entities. Similarly, OceanGate claimed in a 2021 court filing that the Titan was built with the help of University of Washington’s Applied Physics Laboratory.

OceanGate had partnered with UW to create a different submersible before parting ways, the university said in a statement. The company also used testing tanks at the UW School of Oceanography for nine tests between 2016 and 2022, according to Victor Balta, the spokesperson for UW. The tanks were used on a contract basis and no university researchers were involved in those tests and “UW personnel did not provide any verification or validation of any OceanGate equipment as a result of those tests,” Balta added.

OceanGate co-founder Guillermo Sohnlein, who left the company in 2013 and wasn’t involved in the development of Titan, cautioned Friday against jumping to conclusions on what caused the catastrophic loss of the submersible.

“Safety was always number one priority for us and for Stockton in particular—he was a very strong risk manager and I believe that he believed that every innovation that he created whether technologically or within the dive operations was to both expand the capability of humanity exploring the oceans while also improving the safety of those doing it,” he told Anderson Cooper on 【 - Free Stock Market Strategy Classes 】 This Morning.

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His company also alarmed industry veterans by declining to class the Titan, a routine inspection process that would have provided a layer of oversight. “You are taking on a lot of risk and the risk you are taking might affect the entire industry,” said the president of the industry group Marine Technology Society’s submarine committee, Will Kohnen, who recalled to 【 - Free Stock Market Strategy Classes 】 concerns he conveyed to OceanGate founder Rush in 2018.

If OceanGate had pursued a certification review “some of this may have been avoided,” Kohnen told 【 - Free Stock Market Strategy Classes 】 on Wednesday.

Because the Titan was diving in international waters, the vessel appeared to operate in aregulatory gap.

“It is a gray area that is being exposed to the light of day,” said Sal Mercogliano, a professor at Campbell University in North Carolina and maritime historian.

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“Before I boarded the sub, I signed a lengthy waiver detailing all the ways this trip could kill me: asphyxiation, electrocution, drowning, crushing — death was mentioned three times on the first page,” Reiss wrote in anop-ed for 【 - Free Stock Market Strategy Classes 】. “I kissed my wife goodbye before I left, thinking I might never see her again.”

It’s still unclear what led to the catastrophic implosion that killed Rush and his passengers. But a US Coast Guard official suggested in a news conference Thursday that existing safety rules would be reviewed.

“This is an incredibly difficult and dangerous environment to work in out there,” Rear Adm. John Mauger said.

“You’ve just got to roll with the punches,” he told students in the live-stream video last year. “That’s the attitude we really look for with people who join us, is (to) see a problem as a challenge, not as a reason to hide.”

【 - Free Stock Market Strategy Classes 】’s Gabe Cohen, Brad Lendon, Greg Wallace, Veronica Miracle, Allison Morrow, Rob Frehse, Paul Murphy and Celina Tebor contributed to this report.

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