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Post# of 163722
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NewJerichoMan

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NewJerichoMan

Re: stolpen post# 71189

Friday, 09/12/2014 10:19:50 AM

Friday, September 12, 2014 10:19:50 AM

Post# of 163722
My guess, and it's only a guess...

...based on the Charlotte Meeting (April 28th, 2014), I think Solomon slipped and said the company needed $14M for 2014. Typical capex has been around $20M per year.

$14M + $20M =~ $34M for capex in 2014 and 2015.

The official share count around that time was (4/3/14) 153,692,043. We're going to 170M shares. Estimate we got about $0.50 per share =~ $8.2M in monies raised.

$8M + $25M = $33M, which nearly matches the projected external capex projections.


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