Tuesday, November 22, 2022 1:20:13 PM
Compare the first article published with the grps teleconference, they do not jive.
One or both are definitely incorrect!
The teleconference said: The fifth question is what are the projected revenues for 12 & 24 months out?
Adam Thomas
2023: ~$7M USD
2024: ~$14 to $20M USD
https://www.accesswire.com/718280/Gold-River-Productions-Inc-Releases-Transcript-from-September-26-2022-Conference-Call
Now the story is: "The company produces shrimp that markets in the local market with a current production capacity of roughly 2 million lbs of head-on shrimp per year – over two production cycles – utilizing extensive farming practices.
https://www.hatcheryfm.com/hfm-article/2126/Developing-shrimp-lines-with-specific-traits-in-Texas/
If the company is producing 2mil pounds this year, at $5 a pound that's $10mil revs this year.
The teleconference was projecting $7mil rev in 2023. That's only 1,400,000 pounds next year. The company is moving BACKWARDS!
OR THE CEO is confused in his head...
No verifiable numbers have been published. Everything is safe-harboured forward-looking statements
Investors need real numbers upon which to base investing decisions!
Thoughts?
'
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