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The distributor invested in the company. If that isn't support to help a new business, I don't know what is. 6000 stores in the USA! How many stores do Greggs have in the UK?
I said daily new higts I meant to say hourly...:-)
GLA.
ok....rumbled !!!!!
I did not wish to confuse Dan by saying buy 2 xmas eve !!!
Come on Fred. Your numbers don't add up...
Surely they'll be closed Christmas day !!
We keep on moving to new full year highs on a daily basis....very strong signal that the market is very bullish on the potential here....so am I....
GLA.
dan...very very basic..
6000 stores sell just 1 product per day x 365 days...you can fill in the rest....then get a larger abacus, you will need it !!!
dyor etc...
Daneth if you've done your research to know that we need to sell 20m packs to make money then good for you. You can move along knowing that you've not wasted your money investing here. There are lots and lots of other shares you can invest in elsewhere. Maybe leave this board to those with real money involved here rather than telling us why we should not done so
The Mr Checkout deal surpassed expectations hence the huge roll out, they expect the 6000 US stores to double in the next few months
The point is we have no idea how may packs will sell. it would need to be 20 million to make real money that seems very ambitious
There is never any problem funding an order from a credible customer like the ones taking Chill. The suppliers will give terms and/or the banks will lend a against orders. Also it is normal for overseas companies to open a Letter of Credit which the bank will give 100% cash against. The margins are very high so I don't see them requiring any cash, more likely they will be generating cash. Dividends flowing at some point. bring it on!
Most large businesses I have worked for pay 3 months in arrears. Smaller companies may be happy for such potential growth of production.
I am a holder of this stock since 9p. Whilst I wasnt expecting anything from the 2020 results and some important actions have taken place during the 1st quarter I have these thoughts
With such a low cash position how will they find the stock they need.
Lets imagine they produce 1 million packs of chill which is the brand that has the biggest potential
that costs them several mil to produce.
They sell them at $11 thats 11 mil they supposedly get half. So 5.5 mil
So the issue is to make real money assuming these sell well they would have to produce and sell millions of packs to get the valuation currently reflected
where will they get the money to scale