Rawnuts_Roasting_On_An_Open_Fire Frida
Post# of 43066
Posted On: 12/23/2012 2:31:45 AM
Rawnuts_Roasting_On_An_Open_Fire  | Friday, November 09, 2012 11:13:38 AM | ||
| Re: None | Post # of 208199 |
ZERO FEEDSTOCK ISSUES -- FROM IR:
XXXXX,
Hopefully, this can clear up some of your questions regarding the quarterly.
"In the PR Rauber suggests that only sales increase is what they need to get cash flow positive rather than feedstock issues. Am I reading that right in the PR?"
We are confident that we've resolved the feedstock issues that we had in Q3 and we are anticipating getting multiple machines producing, cutting costs, and increasing sales to meet our goal of cash-flow positive. Feedstock supply is not currently a bottleneck for us and we're working on maintaining and procuring the right feedstock.
"Do you anticipate a need to pay for plastic?"
As explained in our AGM, any plastic that we receive, even if it's free, costs us money to process, transport, shred and prepare for production. As Kevin stated at our AGM, a likely scenario where we would find ourselves pursuing paying for plastic would be a scenario wherein it costs us a similar amount to have it delivered here in usable ready-to-go form (i.e. pill bottles, markers, etc - things that don't need shredding) as it would against our overhead processing costs (labor, depreciation of machinery at the Recycling Center, etc).
"Was overhead a large component of Cost of Goods Sold?"
The explanation for the COGS (I'm assuming you're asking because of how high they were) does include overhead, but primarily has to do with the feedstock that we prepared and processed but were unable to use. That issue has been corrected.
"Was there a lot of production produced and stored that didn't make it into sales?"
I'm assuming you're deriving this question from our inventories on hand. Our raw materials are made up of plastic that has already been processed and is ready for use and our finished goods consist of sell-able fuels on-hand.
"What's the deal with the tape reading revenues?"
The tape reading revenues represent ongoing work that was finalized during Q3. Tape reading can still be dealt with sporadically, pending John's available time. We still have no shortage of tapes on hand waiting to be read, a majority of which are from NASA.
Hope this helps,
Christopher Irons
--
Christopher Irons
Investor Relations Manager
JBI, Inc. / Plastic2Oil
www.plastic2oil.com
chris.irons@jbi.net
C 716.471.5995 |
O 716.278.0015 |
F 716.278.0153 |
XXXXX,
Hopefully, this can clear up some of your questions regarding the quarterly.
"In the PR Rauber suggests that only sales increase is what they need to get cash flow positive rather than feedstock issues. Am I reading that right in the PR?"
We are confident that we've resolved the feedstock issues that we had in Q3 and we are anticipating getting multiple machines producing, cutting costs, and increasing sales to meet our goal of cash-flow positive. Feedstock supply is not currently a bottleneck for us and we're working on maintaining and procuring the right feedstock.
"Do you anticipate a need to pay for plastic?"
As explained in our AGM, any plastic that we receive, even if it's free, costs us money to process, transport, shred and prepare for production. As Kevin stated at our AGM, a likely scenario where we would find ourselves pursuing paying for plastic would be a scenario wherein it costs us a similar amount to have it delivered here in usable ready-to-go form (i.e. pill bottles, markers, etc - things that don't need shredding) as it would against our overhead processing costs (labor, depreciation of machinery at the Recycling Center, etc).
"Was overhead a large component of Cost of Goods Sold?"
The explanation for the COGS (I'm assuming you're asking because of how high they were) does include overhead, but primarily has to do with the feedstock that we prepared and processed but were unable to use. That issue has been corrected.
"Was there a lot of production produced and stored that didn't make it into sales?"
I'm assuming you're deriving this question from our inventories on hand. Our raw materials are made up of plastic that has already been processed and is ready for use and our finished goods consist of sell-able fuels on-hand.
"What's the deal with the tape reading revenues?"
The tape reading revenues represent ongoing work that was finalized during Q3. Tape reading can still be dealt with sporadically, pending John's available time. We still have no shortage of tapes on hand waiting to be read, a majority of which are from NASA.
Hope this helps,
Christopher Irons
--
Christopher Irons
Investor Relations Manager
JBI, Inc. / Plastic2Oil
www.plastic2oil.com
chris.irons@jbi.net
C 716.471.5995 |
O 716.278.0015 |
F 716.278.0153 |
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