RE: News OutThat's great news in regards to the revenue for Septemeber. Looks like they're back on track after a not so hot August. I expect that the transportation interuptions might have affected September numbers as well because revenue was down from the month of July. I expect October numbers to be above $200k, and much more if any Alfalfa production comes on line. Although I wonder with the Winter on the horizon that they'll be able to grow much if any Alfalfa.
I'm not expecting much of a rally tomorrow, but a continuation of growing support and the disposition of the weak hands. I certainly have no qualms if I'm proven wrong on this seems to be the recent trading patterns for MPE.
The good news is that we are well on our way to the estimate of $10M of annual revenue. It may seem a long way from the $2M of this year's levels, but along wiith the maturing efficiencies and expertise gained from this year along with the new capital invested to boost production by 5 times, we should see revenue jump accordingly. If the global economy shows more signs of a sustainable recovery, farming companies will be knocking down MPE's door to secure their fertilizer, fish food, and alfalfa shipments for the next year. This could mean big $$$ contracts. The thing I really like is the scalability of the businesses. If there is a need and if they have the money to invest in capital expenditures, MPE can grow their production very quickly to accomodate the market.