RE:RIVER - A FEW QUESTIONS - THANKS - all of the numbers I have stated are for the Q4, The only once time expenses are legal and admin fees of 96,000 for the closing of integrity. If you go on sedar and look at the Q3 earnings it breaks down the numbers further, I just didnt want to type that much. The new loans came in December so arent factored in, but will need to be factored in for Q1. As for EPS I look at EPS annually which is hard to do at the moment because we have no history to look at, hense the speculation. We need earnings of $3,450,000 in order to achieve .01 EPS. The numbers i stated are my estimates for Q4 and my final estimate for a posted earnings of $1,582,974 US is for Q4 only
Remember quarters are listed from strongest to weakest
Q1-Q4-Q2-Q3
Given Q4 is april 30, if my estimates are correct, we only have one month of waiting tll our best quarter Q1 on June 1.
WHEN>>>> AND I SAY WHEN>>>> PYD adds any additional machines we will see much higher upside. Integrity machines perform at much less margins due to JV deals on machines. PYD openly states that going forward margins will be much higher do to self funding vs JV. Integrity did not have access to capital that we do through PDS and other streams.
Between now and Q4 numbers if macy can secure money to finance the debenture that will remove the artifical foreign exchange from our books and will make our audited numbers look $500,000+/- stronger quarterly. that is earnings of 2 million on our books by refinancing. There is a reason that GLOBAL specifically asked MACY about it on the confrence call.
Once again Expenses on financing peak this year at:
2016-11,964,378
2017-11,078,807
2018-616,465
that means that in 2018 PYD has additional $11,300,000 cash then this year alone.