Hollund Industrial Marine Inc. (HIMR)

[Det_Robert_Thorne]

Completely unrealistic math. HIMR gets 19% profit share

Under the contract HIMR has with Bayano Lake Wood Products Corp, HIMR will receive 19% of the profits.

Even if the overall profit was $100K/day (unrealistically high,) then HIMR would net about $19K/day, plus maybe another $4K/day in bonus payments for the board feet of lumber.

Let's call it $25K/day. Assuming they ran the operation 365 days/year, it would take 400 days to pay off the $10M.

They won't be working 365/yr or generating $100K/day in profits, so it will take a lot longer to pay off the loan.

If they ever do actually harvest a tree.