The company's primary goal going forward is to convert higher percentages of its land assets into recurring EBITDA and cash flow, which includes advancing the planned MPCs. Management emphasized three main points: 1) it is taking advantage of market trends, including growing populations in Kern County and other nearby communities served by TRCC 2) the company has a clear plan for delivering shareholder value (and providing transparency to shareholders as it pursues the plan) 3) TRC is making progress to improve and grow free cash flow but further improvements and cash flow growth are needed.
