RE: sp buy14 Feb 2020 17:54
MCB55 - I think the news is already out there. Nick has said there were 2 distributors who had 12,000 stores between them. The plan was to sign the contract and start providing our products to 500 stores per month over the next 2 years. Outsourcing production was being trialled and to date results were very positive. Last weeks RNS of Mr Storey coming on board and his 380k would help to accelerate these plans. Nick is the cautious type and would not detail these plans if he didn’t expect it to come to fruition. Next RNS is hopefully going to confirm contracts have been signed to outsource additional Production and with the 2 distributors. Whilst it’s not a done deal and I am happy the SP has edged higher the last 3 days I am surprised there has not been more interest. If this deal gets signed and Zoetic can produce and deliver product to 12000 stores over the next 2 years I can’t imagine how high the SP will go. Low number of shares in circulation and I am guessing as the good news story unfolds many investors will not sell as they can see the huge potential here. News on feminised seeds still to come, both seeds and retail are potentially huge sources of revenue. Whilst it is still potential we are getting very close to this being realised. Hope I am not the only one who is genuinely excited about this share and whilst past disappointments, including this share, warrants a certain amount of caution, everything is looking good to me. Where is the bad news anybody?
Everybody wants results, data, sales numbers etc right now but for me Nick and the team have done a fantastic job at a cracking pace too. The new company is only 10 months old. GLA investors!