"More to the point, how did JBI manage to spend 6.8M in SG&A with only 100k in Gross Margin?"
How? Mostly by selling shares and partly by selling Pak-It to generate cash and also paying for a fair amount of stuff with shares.
On What ? "Selling, general and administrative expenses consist primarily of personnel-related costs, legal costs, accounting costs and other professional, regulatory and administrative costs."
"That being the case, Longs, how do you think they intend to get CFP (whatever that may mean)? "
I don't know what's with the "Longs" mid-sentence, but it's obviously expected that a lot more fuel will be sold in the first quarter of 2013 than has been sold to date.
"roll it all into the blending plant, get the blending plant to be CFP"
The last notable company statement that I remember about the blending facility is about a year old:
On 2011-09-25, at 6:53 PM
The blending site has not purchased,sold, or blended any fuel to date. It will be blending and selling fuels after we get a few more processors operating.
Regards,
John Bordynuik
CEO
JBI
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