JanOne Inc (JAN)

[Principian]

Estimated Revenue per Recycled Appliance. I have been trying to determine a more accurate figure. Kind of interesting ARCI opens a new location and forecasts being able to recycle 18,000 Appliances per year at this location.

I am using a conservative estimate of $500-$1000 per appliance So let's take the upper bound, 3Q ends next month so it will be mid November before we see any numbers and this means only around $1.5 Million New Revenue if that for 3rd Qtr. I will also assume ARCI took on new liabilities in employee comp and lease payments (At a minimum).

Next take an average of the Cost of Goods.
This revenue and Gross Profit wont make a dent into the existing Revenue Declines the last 2 years.

Today was a Classic Pump & Dump Scenario totally Hyped by this Press Release.