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Pastimes : Plastics to Oil - Pyrolysis and Secret Catalysts and Alterna -- Ignore unavailable to you. Want to Upgrade?

To: scion who wrote (24680)	5/19/2012 9:31:58 AM
From: scion	Read Replies (1) \| Respond to of 53574

Yes, it's a shame that a number as important as fuel production wasn't reported in the statements. Rev Kilgore Mullet Saturday, May 19, 2012 12:58:55 AM Re: Rawnoc post# 183601 Post # of 183731 You have no idea what the production was -- if the margins were better in Q1 than Q4, which is likely, then the fuel inventory number would show a smaller figure despite higher production. Actually, profit margins were remarkably consistent from 2011 to 1Q2012, declining slightly from 22.7% to 21.5%. The inventory at December 31st would have been costed using the same assumptions as used in costing goods sold. The assumption I used for estimating the ratio of paper revenue to fuel revenue was based on actual results when that information was reported last year. The bottom line is that fuel production was drastically below expectations for the quarter. We can quibble but I feel that my estimate of $80k in fuel production at sales value is a reasonable estimate based on the information available. Yes, it's a shame that a number as important as fuel production wasn't reported in the statements. siliconinvestor.com ponzi_implosion Friday, May 18, 2012 11:24:19 AM Re: Rawnoc post# 183601 Post # of 183731 How in the world would you know "...Q1 production was likely more than all of 2011..."? 2012 Q1 P2O Gross Sales $226,462 (whatever that means - does it include cardboard paper recycling revenues? No can tell) sec.gov pg 6 2011 P2O Gross Sales $288,442 (whatever that means - does it include cardboard paper recycling revenues? No can tell) sec.gov pg F3 In any case 226K is less than 288K, ooops.... siliconinvestor.com Rawnoc Friday, May 18, 2012 11:15:04 AM Re: Rev Kilgore Mullet post# 183600 Post # of 183731 Q1 production was likely more than all of 2011 combined. You have no idea what the production was -- if the margins were better in Q1 than Q4, which is likely, then the fuel inventory number would show a smaller figure despite higher production. Remember, fuel inventory is a function of cost -- not quantity. For example, if the last 1000 barrels they made cost $10/barrel, that's going to show up as only $10,000 in fuel inventory whereas 500 barrels at $50/barrel would show up as $25,000 in fuel inventory despite being half as much quantity as the $10,000 fuel inventory number. They produced mostly for the month of March and likely the last week or two of production didn't get sold until the next month. They store fuel on site before they sell it (or they wouldn't need storage tanks). siliconinvestor.com Rev Kilgore Mullet Friday, May 18, 2012 11:06:19 AM Re: Zardiw post# 182812 1Q2012 fuel production below expectations: First quarter results of $80k in estimated fuel production and $132k in revenue were dismally below this board's expectations. Out of 74 entries submitted, only two were lower than the $132k revenue figure and none guessed that actual production would be as low as $80k. However, the anonymous new ownership provides another honeymoon period to once again ignore past results. Is it too soon to look at expectations for Q2 or are we going to give this another 3 or 4 years? Manana Banana ©. siliconinvestor.com