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Re: NoNameStocks post# 470

Monday, 09/28/2015 4:43:44 PM

Monday, September 28, 2015 4:43:44 PM

Post# of 778
Buying stock or exercising options won't do anything. They need to grow sales and profits. It doesn't seem like investors have any confidence in Kruger, et al.

I just went back and looked at the presentation Kruger gave on 1/31/13. In it, he projected 2015 pallet revenue of $27 million, recycled plastic revenue of $11 million, and EBITDA of $7.6 million. Actual EBITDA was around $3.2 million.

That's a rather large miss for a forecast that was only 2 years old. Nobody is going to bid the stock up until Kruger can show that he can actually generate significant income.

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