So how much did Seema pay Carl for the 5 acre test plantation?
VGE recorded grass related revenues of $11,000 for the three months ended March 31, 2012 and zero for the three months ended March 31, 2011 due to VGE contracts recognized in 2012.
So that comes to $2200 per acre right.
Carl has 226 acres, that means he could be paid $497,200 to plant 226 acres right?