Dunno Otis, totally scripted and rehearsed Q&A. Of course the leading questions, and by the script answers came across...just scraping by.
75% of $6.1 in accounts receivable to be ahh PAYED IN this year? Right a bit above $4.5 million. They also mentioned the reporting periods along with the harvesting period (which of course is a variable). Then dropped it. There is a possibility that $4.5 could be applied to our seconnd quarter which ends when?
Next report due in May, hot damn.
And is that it for cotton?
I can vouche the questions were asked for both:
• Clarifyibng our reporting periods cause we again submitted within the accelerated filing class, smaller business option. They skimed passed that.[/quote]
•When are the secondary, tertiery et al fees staged for us in the dirt-to-shirt business model going to appear?
Can't find either topic covered there. Approached, not jumped into and certainly nothing stuck on any landing. Ahh, personally offended by that.
$4.5 million for marking (4.5¢ a pound) for 100 million pounds seems to me a reasonable returm for our marking service. Can't be sustained on marking alone. Nothing I can find on the diagnostic services supposedly in our business model. Submitted as a question and blown off, again.
DoD had to be glossed over. And it was. Still hopeful there (along with cotton supply chain diagnostic tests.
Houtheman points to the stuffing of the channel last year, when only 40 million pounds of cotton were evidently marked, and we accounted for 100 million. Fom the hip, we got a four fold increase in cotton marked this year with the amount of left over joy juice and this years batch adding up to 160 million pounds.
$6.4 million marking alone just so much more palletable. Extrapolating with diagnostic services which come with caviat of only minor samples of the full 160 million pounds being sampled (the cumulative tests up to fabrics and shirts).
Testing fees proving the equivalent of 40¢ a pound through the full cycle. This equates to $64 million from 160 million pounds marked during harvest.
Now that's sustainable, Hell that's crazy. That's from early models of dirt-to-shirt business model which has yet to be presented at earnings. Or detailed out. Been asking for the full model laid out.a couple of times.
Blown by again.
Holding still. Expecting tomorrow to fully suck for us. Angrier than down about today. Would like to be at the shareholders meeting in March to present my questions in person, three extensive planned family trips already stretching my budget though.
And the ballot. Going to lobby Sabby see where they're voting.
The cotton model I presented is what they`ve promoted. This time I used their upper scale. 40¢ a pound total damn daunting. All we've been given are the fees gained from marking at the dirt.
Handling it (damn, that doesn't sound right), need some body telling me what happened to the fees gained up to the shirt.
Nuff said. Pissed at the limited script, Uzbek cotton and the general no level of detail.
So it goes.
We`ll see the crap at the opening.
Sucks to be us Otis, this ain't going to kill us. Voting in March, earnings in May. Serves me right to suffer.
VR
Mike Sharkey
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