Nicely done $10 Mill on the cotton data. I didn't realize one of the public questioner during the third quater investor conference (Brian zum$hit) was from Maxim (our underwriter).
Cotton has a long time from harvest (end of August for all types) by the time it gets to the loom (textile manufacturer). Louis Drefus's model has incremental fees collected at each stage where the adjusted total price of Stonybrook services ranged from 10 to 20 ¢ a pound.
Earlier post of mine indicated the whole cost coming to us this earnings report. So I know I'm wrong. You guys can submit a class action. I'll let you have my wife and labrdor retriever and Yaris exoticar.
Sniff.
The stages of charges is positive in that we'll have steady income over the course of multiple quarters rather than blowing the wad at harvest.
I'm reducing my 4th 5th quarter estimate projection (accelerated filer status) to $5 mill equating to 5¢ a pound for cotton and just letting all other income un accounted for.
I dont have the figures for our standard income readily available. So I'm low on the estimate.
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