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Alias Born | 01/24/2011 |
Thursday, May 21, 2015 9:52:16 AM
Since the decorticator won't be up and running until August or September, even for processing the old Kenaf stock, there won't be any significant revenue in 2Q/15, 3Q/15, and possibly the fourth quarter.
Meanwhile, Perlowin will sell the remaining shares from consulting clients to pay the bills, and we'll likely see more share conversions.
2015 revenues will probably be less than $100K, with losses approaching, if not exceeding, $3M.
And then when the plant is actually running, he'll be lucky to see $100 net profit before taxes per ton of processed Kenaf.
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