showing signs, page-5

Not very good reading is it.
Having said that, I'll make a few points to raise some debtate:

A few other points:
- filtration costs will hopefully go down once they do it on site (not sure how much that will cost to install)
- employee costs you imagine are high because of ramp up and fixing of problems, so will hopefully fall.
- there is a build up in inventories and receivable worth 6.8 million...my interpretation, they are awaiting payment and have a backlog of feedstock waiting for processing or finished product awaiting sale...so whether the inventory is feedstock or product...see a bump in revenue or drop in costs next quarter as these things are sorted.
- look at current market cap to book value of the plants (I know production assets are worthless if they can't produce profit...but still worth keeping an eye on).


I know overall is bad reading, but, seeing as though most people are negative thought I would offer some counter points. There are a few signs that turning a profit in the near term is not out of the question combined with a good injection of capital.