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g-ianni

12/16/11 10:04 AM

#63929 RE: CancunCharlie #63928

CC, it's only $13k in sales. Subtract bottom figure from top, running total to date is $273K in sales.

uksausage

12/16/11 10:07 AM

#63930 RE: CancunCharlie #63928

hi CC
I thought the same thing until it was explained to me.

it is a rolling order - they started with a $1m sale "order" December last year and the $279,000 is what they have sold so far. so to get the dilution rate subtract the numbers so since 11-25 to 12-14 they sold $12,000 of stock $4k a week.

That is all they need to keep running. look back to a year ago and it is more like $12k a week.

With next agriculture sale and earlier and increased gold production I would expect to see cash flow positive (ie no forms D except for capital needs like 4 new dredges) by February or March.