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hemopure36

07/21/20 9:46 AM

#23983 RE: fantomphan #23981

hemopure36

07/21/20 9:46 AM

#23984 RE: fantomphan #23981

Management set the expectation that they were running at nearly full capacity since about late March and we already knew that full capacity with no glitches would yield $80 million a year. YOU set the expectation that this translated into maximum immediate revenues in Q2, the first full quarter in which they only just started to run at near capacity. That’s very unrealistic. So if they started running 24/7 in late March or so, and we know they can do $20 million per quarter, and since the quarter started in April 1, you really believe that by running nearly full capacity (they never said completely full), we would see that all distributed and paid for in Q2? Ridiculous.