Still a $25 million miss in my humble opinion.Lucky you took a...

Still a $25 million miss in my humble opinion.

Lucky you took a humble position because, well basically you are wrong.

They never had $25m worth of 'goods in ground' ever... Based on your Exhibit A (what a retard), well they had 10 acres of a projected 111 acres. So thats 9%. 9% of $26m is $2.34m.

So they only ever had $2.34m worth of goods in the ground, not $26m. Again, so you can follow, the $26m was a forecast if they owned 111 acres.

You can see the problems that Zane and that other Bubs idiot got them in. In order to get to $26m worth of growing inventory they would have had to be in debt $23.66m. At a time when demand was not there, that kind of debt was ridiculous.

When Anthony came along, he took one look at the ownership of kava in ground model and said, this will send us bankrupt. Now all their land is under contract and under that model is very scalable. Because it is under contract owned by local farmers, the kava in the ground is not shown as plant or equipment, or as inventory until it is purchased and in hand. The plant and equipment they own is in Navua.

Navua will soon be upgraded so that will jump to $2-2.5m.

They have invested $10m in the supply chain, probably more now. The extrinsic value IMO is worth $30m.