Tuesday, June 02, 2020 8:37:06 PM
https://www.myrtlebeachonline.com/news/local/article242025341.html
There was so much demand for it they rearranged their facility in Little River to make more of it. There are PRs with two 10,000 gallons orders with more in the pipeline.
From the PR dated March 25, 2020:
Following up on an earlier release from March 18th; a second 10,000-gallon fluid order has been shipped to an existing customer in the Midwest. Recurring orders to this sub-registrant are expected to follow in the coming weeks.
“The demand for our products has been nothing short of explosive,” explains CEO Gary Grieco. “Due to this high demand, we are shifting our focus, in the short term, towards fluid production, sales, and distribution.”
Just how much fluid have we sold, are selling or will sell moving forward is really not possible to predict however one of the other poster put together some very nice predictive analysis scenarios:
Liquid production March 15th -June 30th. ……. Sound correct?
max (3 shifts 7 days /wk)
106 shifts@ 14000gals/shift=1,484,000gal @ $8.00/gal=$11,872,000
Cost labor average 20.00/hrx 2544hrs=$50,880
min (1 shift 5days /wk)
78 shifts@14000gals/shift=1,092,000gal @ $8.00/gal=$8,736,000
Cost labor average 20.00/hr x 624 hrs=12,480
360x3=1080 shifts/yr x 14,000 gal/shift=15,120,000 x $8.00/gal= $120,960,000 / yr
Income on liquid only.
Are we wo Unit production 25/mo in S.C. 25/mo in Ft Wayne=50/mo starting July through Dec=300 units @ 8,000 / mo lease for 6 mos=$ 14,400,000
Est 14 units in NYC
2 units in UK
5 units some where= 21 units @ $8,000/unit=168,000/mo x 12mo=$2,016,000
$2,016,000+$14,400,000=$16,416,000
So how much does all this HOCI weigh?
plain water is 8.35 pounds per gallon, a 500 gallon totes net weight is 4,175 pounds. One ton is 2000 pounds, so a tote is over two tons. So if they've shipped just one... it's tons.
PCTL ships 5000 gallons per truck load.
So to keep it simple if PCTL gets $8.00 a gallon then each truckload will be $40,000.
Two 10,000 gallon orders was shipped to the customer in the PR above with recurring orders to follow.
PCTL was on the verge of financial meltdown and HOCI gave it not only a lifeline but major financial surgery. It stop the bleeding and infused with some blood to the point it has been discharge and will recover fully. It will take some time however it is moving in the right direction in the middle of a pandemic.
PCTL is making money and growing it's business in the middle of a pandemic.
The stock price is not reflective of PCTL's transformation and may not be until the 2nd quarter financials come out.
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