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Morning bignose.who knows,but let us hope so.it has been mildly encouraging to see the s/p rise over last few days,which has been quite a significant increase over the recent all time low,but of course,volumes and value of shares traded have remained determinedly low now if we had high volume???
Morning The.Italian
Ticket to the moon. And that’s just to break even….lol
Mind you, it can drop just as quickly too ;-)
Too true,bignose.there i was all buoyed up by your " to the moon" post and now sadly back to earth!. actually i hadn't seen the closing price (it was up 6% when i looked this morning) so better than i realised.very small volume though. let us hope good news is on its way.
Sadly I would require a truly miraculous rise in the SP to get back anywhere near my investment price in this ‘money fountain’!
Keith,
Wanbang are targeting 9mill in the first year, which one would think they did at least some market research to get to that number. As such I would think they must be expecting to sell at least a mill cans, if not more. That still equates to about 75mill USD (given their can price was supposidly 75% of the US price). RPG get 25% of that, so I think you/we should easily break even quite quickly. After that and as sales increase, it's just profit.
Of course hopefully there won't be further dilution before then.
Thank you. That is the most positive prediction I have read and am much encouraged. As long as you and The Italian continue to post, there is hope!:)
Up again. Seems pretty obvious there is a leak. Maybe an announcement this week?
Same MO before the DLI takeover and EU OTC announcements.
Morning bignose.yes looking quite likely now.fingers crossed!
Morning The.Italian,
Unfortunately we still have to wait 12months for approval, although I am hopeful Wangbang may convince the regulators to fast track it ?
Getting better but with dilution still along way to go. Sitting at around 5/6p just in UK money. Breakeven is along way off!
Too true,bignose,but if we did get some positive US news (huge if i know ) we should get some traction from that.
Just checked 8HKD is breakeven for me after dilution. Long long way to go.
Yup. A market cap of around 185mill gbp or a little less, I would expect, will see most LTHs (those around at the PLE takeover) at breakeven. This is easily achievable and poss in the first year if the Chinese sales are as Wangbang predict.
Bignose, then profit!!! How long are you giving it to reach the market cap?
Bothwell. If all goes well regarding Chinese approval and sales targets are met, it could well be another 18 to 24 months, since sales would be the main driver, although, that said. It could suddenly spike on approval announcement with a slow pullback in the following 6 months pending sales figures vs expectation. All speculation on my part, but is logical based on what w have seen b4.