Followers | 170 |
Posts | 8965 |
Boards Moderated | 0 |
Alias Born | 01/24/2011 |
Tuesday, September 30, 2014 11:55:56 AM
The government won't be shutting down that plant for two reasons:
1) They will initially be processing Kenaf, which is perfectly legal
2) They can continue to process new Kenaf until any lingering legalities involving hemp are worked out.
The real question about this plant is: Can it operate profitably while processing Kenaf?
The previous owners, Biotech Mills, were not able to do so, possibly because they built a huge, new plant just as the economy crashed. HEMP will be starting with equipment bought at bankruptcy auction prices, along with the Kenaf that came in the deal, but the company will be spending a good deal of money to get the equipment moved, installed and operational by 1Q/2015 (per the new video).
What's interesting to me is how little of the processed kenaf has been sold since HEMP bought the equipment and inventory of raw and finished goods.
Is it possible that the Kenaf market in the U.S. is saturated?
If so, the profit margins will be small, and the plant many not be able to operate profitably.
Finally, regarding 1Q/15 operations, despite optimistic quotes from Perlowin, the onsite guy, who's actually running the plant, should be the one people listen to. I wrote a month ago that he was saying 1Q/15:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=105791706
"Soylent Green is people!!!"
Detective Robert Thorn: Telling uncomfortable truths since 2022
DRT is Charleton Heston's character in the 1973 movie, Soylent Green, set in the year 2022, and is not my real name
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM