Ann: Investor Presentation, page-23

Reduced revenue expectation in 2021 driven by expected slower
harvest salt ramp up: • EPA Part IV delayed until May, following state election (financed
by December capital raise)
• Lower evaporation rate incorporated into new dynamic pond
model
• Larger than anticipated impact on salt production from salt
harvesting in December
-February
• Train 3 pond cells repurposed to reflect revised pond design

What are your guys thoughts on this? I really don't know what to think of it to be honest.