Sunday, July 20, 2014 12:28:10 AM
The only real and valid information we have about the company comes from the 2013 Profit & Loss Statement and Balance Sheet filed with the court. Many have tried to spin those into a positive. But, the massive losses and almost non-existent sales revenue clearly show the company did not do well and there isn't any reason to think it will turn around.
The numbers in those court filings also 'give the lie' to all the incessant daily non-sense we heard about monthly revenue being in the $Millions of dollars/mo, International sales and endless truckloads of bagasse leaving the plant daily. As if that wasn't enough, we were told daily that all the bagasse was free to the company. We now know that tall tale is not true either. It turns out it is anything but free as it costs roughly twice as much to produce as it will sell for.
Playing Power Ball at $2/ticket has better odds than this Walthers/Windsor scam.
"Libenter homines id quod volunt credunt"
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