That is the way things work in the real world? Tha
Post# of 43066
Posted On: 07/26/2012 5:48:01 PM
That is the way things work in the real world? That is an interesting world you live in. I would simply call it dangerous. In the real world of capital projects, not a single thing is constructed until the engineering is about 80% complete, at which point about 20% of the total budget is spent. That is the metric used. For JBI, that means about $1 Million, assuming a plant value of 5 Million. Look on the Balance Sheet for those numbers. At that point Long Lead items are ordered and the project is committed. Another PIPE wouldmake it 50 Million. How is this the real world?
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