GREY:EDYYF - Post by User
Comment by
whodathunkiton Oct 19, 2017 12:52pm
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Post# 26832229
RE:RE:RE:Warning
RE:RE:RE:Warningmakingmoney1 wrote: The Company's production process is intended to commence building 50 houses per month for the first 3 months, increasing to 100 for the next 3 months and finally 200 houses per month thereafter until the first tranche is completed.
50x3 =150
100x3 = 300
200x30 = 6000
150+300+6000= 6450
so yes, this means it will probably be completed faster than 3 years. they will also be building another factory in ghana after they finalize those 2000 houses. they projects will be handled simotaneousely and yes, we will be cash flow positive..not t a deficit. If you want to talk deficits just look at the valuations of the MJ companies. solar is a huge industry that is only going to become more prevalent in the coming years. This contract alone justifies this stock being closer to 40 cents because of the upside potential. If the same people investing in "weed" were investing in this...we would already be at 1.50 lol. this stock will close out 2017 between 25-30 cents imo
I'm not sure why folks missed the details but.... They won't start producing until spring of next year so there will only be 33 months of production 2018 - 2020. So in total, assuming no teething problems, they will produce 5,850 homes. Read my numbers from a prior post and you will see that if all things remain the same regarding expenses then yes, we will run losses during that period. Declining losses but losses non the less. There is obviously opportunity for other sales of the various product lines but what we don't know it what kind of production capacity they have so any comments on that will be pure speculation.
You say we will be cash flow positive. Based on what? There will likely be a significant investment in production equipment etc to scale up for this which will consume a lot of cash in the early stages.
I'm a CPA by profession. I do have a bit of experience regarding financial reporting, production constraints, cost control etc. All I'm trying to do is point out that it is not as simple and full of roses as some are implying here. I'm a share holder and will continue to be one because I see lots of potential. This order is a good step in the right direction but it will take a while before this company scales up to efficiency and profitability.
Cheers.