Cash earned is what began the discussion. BRIG believes they could be cash flow positive with just 2 processors. That's what began this discussion when he was responded to with the ridiculously fictional claim that they burnt $17 million in cash when we now all know in reality they burned less than $1.2 million in cash.
BRIG_88 Thursday, June 23, 2011 10:38:36 AM Re: Artiztic1 post# 115462 Post # of 115551
I'm gonna get warm and fuzzy over the completion of the second processor because i think the company can reach cash flow positive with 2 machines not 3 like the CEO says....i may be wrong but not by much.....at 3 it's a done deal....the company will then have enough money for day to day operations.....then the roll out/JV/financing for commercial operations can begin....TIC-TOC
Nah. Everyone knows JBII isn't cash flow positive yet much less has any earnings....it's a start up....let's get to cash flow positive first ok?...one step at a time....PATIENCE
Why talk about cash burned? Especially when the company just closed a pipe that generated $4.2 mil cash.
Lets talk about cash earned....Yeah that makes sense.....On a company that has just started sales and production.... still in the transition phase from development to operational.
Well they sold 214 bbls @ $109.80. They have an order for 6300 bbl more @ $109.80. That's about $714,000 of income.
Not bad for a company that is just going into production with the first machine.
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