I have been watching this cow for almost a year now. Last 4C was...

I have been watching this cow for almost a year now.
Last 4C was only -160k. Look like they are going to have positive cash flow for the next 2 quarters.
As usual, an oyster farm can sell up to 80% of its stock during peak season (Spring and Summer).
Currently, they have 9 mil = 750k dozen for sale, I reckon that they only need to sell about 200k dozen = 2mil rev to cover 1.9mil operation cost.
This target is very achievable for this time of the year. Last quarter, they have sold >100k dozen with 120% increase in sale.
We also have 129k cash receipt (roll over from previous quarter) which make the target is more closer. )