Savvy Trades and Investments

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As strong as the revenue & earnings numbers are on FRD, what's going on with the derivative hedging? I think there were some concerns on this last time. And reading through the 10Q, those concerns look to have only grown. What is the company thinking here?? These 2 statements from Note H in the 10Q don't sound good at all-


The estimated amount of losses recognized in AOCI at June 30, 2021 expected to be reclassified into net earnings (loss) within the succeeding twelve months is $31,544,060. This amount consists of $8,794,040 in realized losses associated with closed hedges and $22,750,020 associated with open hedges that was computed using the fair value of the cash flow hedges as of June 30, 2021 and is subject to change before actual reclassification from AOCI to net earnings (loss).


At June 30, 2021 and March 31, 2021, cash of $29,360,060 and $12,001,485, respectively, was required to collateralize our open derivative positions. These cash requirements are included in "Other current assets" on the Company's Consolidated Balance Sheets at June 30, 2021 and March 31, 2021.