RE: Annuals due on TuesdayMy guess would be that the revenue numbers will probably be down for the previous 12-months in comparison to the previous year. My reasoning is that last year's Alfalfa, Fish Meal, and Fertilizer business did not do well. Like I said before, there is a lack of transparency here. We are never told these details or given a sufficient explanation in the MD&A, but constantly focused on the future initiatives.
I can understand why the fertilizer business was problematic in that it was it's first year in operation and there were issues with production quality. However, the Alfalfa operation has been around for awhile and with the demand high for high-quality livestock feed in China you would think MPE would sell all they can get. All I have been told is that it was a rough growing season for Alfalfa.
Anyhow, I wouldn't look too much into what the financials say, because I don't think it is going to be pretty. I believe Raymond understands that he'll need to follow through with some revenue because raising money is going forward is going to be an uphill battle. There is a strong case that MPE will book much higher revenue this year though with the 100M seedling contract, and a more promising growing season ahead of them. If they can sort out the growing pains of their other existing operations, 2011 should be a much better year revenue-wise for the company.