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Davis_Elite

08/23/17 11:00 AM

#38897 RE: tigerpac #38894

Looks to me that the harvest started a few weeks later than they expected so now the cash is flowing and remaining notes should not be a worry....

They used the cash they had received to pay half the note when they could of let it all convert. Jan is a man of integrity and based on the fact that he came out and let shareholders know I'm confident now more than ever....

However, with the harvest of our chili peppers started in effect only two weeks ago, the cash flow from the harvest is coming slightly later than first anticipated.

PGUS

benlurkn

08/23/17 11:10 AM

#38900 RE: tigerpac #38894

Thanks for sharing all the note(s) details. Have to admit the conversions are disappointing but in the ag business cash flows can be somewhat unpredictable. I know he thought when he took that first note out that harvest was going to start early in July but I guess land prep took a little longer than expected. It has still been tremendous progress considering the land was isolated desert just months ago. All things considered I would have to view this as just a very small setback and I'm sure Jan feels as bad as us about this. Maybe this little dip will bring us the new buyers we need to take this to the next level. IMHO