Both. And I highly doubt he meant $1.00 in positive cash flow. I'm just trying to be conservative myself.
So using bare minimum forecast (imo) of $3 million in fuel sales for Q1 2013, what will Q4 2012 be? $0? lol no way. It's not like New Year's Eve a light switch is turned on and $3 million worth of fuel comes out along with cash flow positive.
If Q1 2012 was $170k (my guess based on the filings and historical) and Q2 2013 is $3 million and cash flow positive, what will Q4 2012 be? $2 million and a cash burn that is still somewhat negative but falls off a cliff? And Q3?
He made it clear that Q3 and Q4 will both show sequential improvement. That means bigger sales and smaller cash burn to me as a forecast, with Q4 or even Q3 if we're lucky being cash flow positive as a "beat my own promise" as the new CEO who comes from a highly conservative NYSE company.
And I'm going to repeat -- it was clear to me that everything they were presenting and forecasting was based on the old limits of 2,000 lbs/hour of feedstock which have since doubled, hence Q4 or even Q3 cash flow positive wouldn't shock me.