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Friday, December 16, 2011 10:07:37 AM
I thought the same thing until it was explained to me.
it is a rolling order - they started with a $1m sale "order" December last year and the $279,000 is what they have sold so far. so to get the dilution rate subtract the numbers so since 11-25 to 12-14 they sold $12,000 of stock $4k a week.
That is all they need to keep running. look back to a year ago and it is more like $12k a week.
With next agriculture sale and earlier and increased gold production I would expect to see cash flow positive (ie no forms D except for capital needs like 4 new dredges) by February or March.
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