<<Your (sic) full of shit Larry!>>
Another enlightening comment by Mark Johnson; in response to my post calling into question FMK's earnings projections, which were based on 5-10 batteries per minute as opposed to the 4 cells per minute described at the meeting.
Some of the attendees at the meeting apparently agree with me, Mr. Johnson, or at least are not willing to say I am wrong.
<<And Lev said months ago 1800 per day is the breakeven point using one shift.>>
Actually, Mr. Johnson, Lev said 1,800 batteries per day was the cash breakeven point, assuming they get $2.50 per watt hour. He never said how many shifts it would take to produce 1,800 batteries. That was another example of FMK twisting his words. At 4 cells per minute and 3 cells per battery, it would take 3 shifts of production to produce the 5,400 cells or 1,800 batteries needed to break even on cash.
You owe me an apology, Mr. Johnson. All I am trying to do is to sort through the hype to get a clear understanding of exactly what the potential is for this stock. So far, I have yet to see a definitive answer to this question, one way or the other. I do know that in August, Lev referred to the capacity of Line 1 as 5 cells per minute and the cash breakeven point as 1,800 batteries per day.
FMK had claimed that Lev meant batteries when he said cells in reference to the production capacity. That claim now appears to be false. It is also possible that Lev meant cells instead of batteries when he talked about 1,800 batteries being the cash breakeven point. But until I hear some statement by the company to the contrary, I will still assume Lev meant batteries when he said 1,800 batteries per day is the cash breakeven point.
I will await your apology. |
