NutraCea Increases Capacity to More than 100,000 Tons/Year
No one came suggest NutraCea is hyping the stock in their PR's. They appear to bend over backwards to only present basis facts. At the shareholders meeting, in their presentation about Irgovel and in discussions, I got the impression that the basic infrastructure modifications were almost completed. Several of the upgrades, improvements and new capabilities were basically complete. With the infrastructure mods completed, the additional upgrades will simply require dropping in the new equipment when it is received.
I am sure it is true that all will not be complete until 1st Qrt 2013, but much of the critical work has been done. Without stretching the truth, the PR could have had a much more positive tone. They certainly could have emphasized even more that the modifications will allow them to sell higher quality, higher priced items with higher margins and more profit. Not sure why it did not.
Someone please correct me if I am wrong, -but I seem to remember that NutraCea will not be able to receive their full 51% of Irgovel profits until sometime in 2013. It appears NutraCea has programmed this so that they start receiving their full share at the same time that Irgovel starts making significantly more money. I am sure they would have preferred the mods were completed in 2010, but 2013 will also work for them.
My only concern is getting from here to 3013......LOL