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Dutch1

08/02/19 2:09 PM

#30088 RE: Harry Winston #30087

I don’t expect it either. But, I see selling plants in a situation where these plants add to the losses as a wise decision. The money could be used to reduce the debt and there will be less future losses. Also it might be that these plants are less profitable then others they keep making it easier to make a profit. Yes, the profit will be lower then when all plants are running at a profit. But it’s better to be a smaller profitable company, then a large company with losses.
PEIX can focus on growth once times are better, but for now it’s more important to reduce the losses.

I'm not even trying to calculate the loss they could incur if they lose the lawsuit with Greenshift.



I’m not worried at all for that. If that happens I expect my profits with GERS to make up for my losses at PEIX multiple times.