RE: Rocketing18 May 2024 13:15
Thanks for your reply MoneyMule. Makes complete sense.
All that really needs to happen now is the product is warmly accepted by the public, the company deliver on their targets and they continue to increase distribution ROW.
I like this share as its now a bit of a numbers game in the sense that as long as the products sell as expected and manufacture and supply goes well then as each month passes the company's potential revenue increases along with the number of new outlets that start selling.
I imagine at sometime in the future the sp will get ahead of itself if / when the revenues / number of outlets start getting to serious numbers and can only be seen to continue increasing .
There was a company called Zoetic that had a contract for something like 100,000 newsagents, petrol stations , smoking shops, airports etc ) to retail their new CBD no tobacco / no tar cigarette.
Without making hardly any revenue the sp went from a few pence to just above £1 in a year before retuning to 2p over next nine months as the market realised that the company ( badly run) was only selling to a few hundred outlets at most and only a few packs a week and could not afford the training of staff, advertising, in house promotion to achieve such a large order over such a large geographical region such as the states.
INC, from what i have read and heard have all ( including manufacture) in place and it is all being handled by its partners. Therefore, once the company can prove the product is in demand (hopefully) and with a lot more media interest then we may get a early surprise ! GL VAS