MB said
"My EDE SP forecast has been carefully calculated and continually examined this year to ensure its accuracy and its achievability"
Dare I suggest the accuracy of your assumptions are far more important than the accuracy of your calculations!
Your assumed profit margin on sales is purely hypothetical - not based on anything disclosed by EDE.
Seriously -we have a major communication failing at a time when speculation and hype is rampant.
The Directors have disclosed no - I repeat no information on margin or production costs.
You only assume there is a profit built into the announced/disclosed $25 a gallon SP of Edencrete.
Given that the Directors are such substantial shareholders and have announced multi-million dollar plans for production expansion you would expect them to inform the market (and EDE/TAS shareholders) of the financial assumptions/framework.
Given that the Chairman has been spruking these plans since the AGM November 2015 and has been in discussions with possible financiers, surely there is an issue of non-disclosure of material significance.
Qu - when will our Chairman and the Board decide to inform the market of their financial plans/goals/assumptions in the rollout of EDE's production plans?
As a shareholder I expect better disclosure, and hope some information/ clarification to be provided soon.
GL to LT holders
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