Wrong. You need nothing more than basic arithmetic and the published company accounts to get a very good idea of how much revenue is needed to be profitable. It is vastly higher than the holders imagine.
EDE would still loss money if Edencrete was just plain water with zero cost and $25/gallon gross margin. They have ludicrous overheads (a large sales staff, bloated management and the costs of being listed) and nowhere near sufficient sales (even at 100% margins) to make a profit.
If GS thought EDE could make a profit on small sales why would he have planned CS2 with a production capacity sales of 2.4 million gallons (scaled back to 1 million gallons) and bought the Georgia property? That magic number of USD60 million just happens to be the break even point at 25% gross margins.
The fact is that holders can't do primary school arithmetic, They somehow think a relatively small increase in sales will make the company viable. They can't understand that costs rise nearly as fast as revenue.
EDE Price at posting:
2.6¢ Sentiment: Sell Disclosure: Not Held
