EXIM Internet Group, Inc (fka EXGN)

[chipotle_pickle]

It's the recycling revenue we'll see first.

They had a press release that they had revenue from the sale of their "by-product" back in January. This revenue should show up in the next quarterly report. See their Jan 22 press release. This isn't like a sale to install a system where revenue would get recognized as work is done or an LOI which isn't even a sale. Money from the recycler should be cash on the barrelhead, or whatever, so what's sold is sold.

The reason why I want to see that number is that Rager has been saying that the "recycling pays for the whole thing", which makes no sense. I don't know if he made it up or if someone told him, but it makes no sense. The company has said that recycling can reduce the cost of their H2 by 25%, so that would take it from 6X cost of electrolysis to 5X cost of electrolysis. But some people can't believe bad news even when it comes from the company, so I wanted to spell it out more clearly. What I would like to do is to look at how much they bought the fuel for and how much they sold the sludge/brine for, and show that the differece doesn't allow for a "recycling pays for everything" scenario. That information wont be there. But what we will see the revenue, and when it's low, people can ask themselves if that revenue justified a press release.