RE: Fair ValuationLincon, 2009 minus 2007 equals 2 not 3. The NR states:
"Maple Leaf Reforestation Inc. is pleased to announce the company has signed a two years sales contract for $28 million RMB (approximately $4 million Canadian) with Liangcheng Dadi Forestry Co. Ltd., PRC, to purchase a variety of the company’s tree seedlings."
Notice it says 2 years. I don't care when the seedlings are grown I care about when you can count revenue on your books. The contract $ will be paid over 2 years not 3.
Dave is gone, and made a lot of statements on educated guesses, MPE now has grown seedlings, they at this point should know what the costs are.
I also disagree with your statement that demand does not matter, why would one grow seedlings if one could not sell them? If there is demand for only 2 crops why would 3 be grown? If the demand was there for 1 crop why would you grow 2?
There was no demand for Beta vcr's and Beta went away. Supply and demand is everything!