What specifics did Mr. Bordynuik provide from the AGM transcript that led to this conclusion?
From John Bordynuik at the AGM "We are not modifying or changing the processor. I am stepping up the feed rates on shifts with experienced staff and running at lower feedrates on new staff, until everyone is trained the same way on this machine. I have run the Processor at 2,700 lbs/hr on shifts that I am operating it or training others. Seasoned staff is quickly getting there, between 1500 and 2000 lbs/hr with our staff depending on what their experience is. I am working with new staff on their shifts to teach them everything I know and to determine what additional information they need to help diagnose issues."
So based on what John told us above let's do a little simple math. In Q4 of 2012 processor #1 and processor #2 did 115,000 gallons of production. So to be conservative let's say JBI learned nothing about how to improve processor #2 in a full year despite the fact 115,000 is a fraction of capacity. and let's assume it only runs for two months or 66% of that total for 75,900.
That leaves less than 225,000 gallons for processor #3. We know it ran for the first 10 days at the beginning of Q4 and then the whole complex was shut down for 3 weeks. They then have 61 days from Nov. 1 to December 31, but they lose 2 days to the burst disk. So that 59 days plus the initial 10 days leaves a total of 69 total days of production to do 225,000 gallons. That averages to a little over 1125 lbs per hour in those 69 days.
Surely with John running the machine above 2,000 lbs per hour and the experienced teams running it between 1,500 and 2,000 per hour they can average 1125 lbs per quarter.
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