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i think, to fill these orders quickly and upscale/improve their manufacturing output to match this wonderful demand they will need money. i thought the raise you spoke of was to get the product to market by end sept. i don’t think the swift and vast order rate was wholly expected so soon!
vox interviews suggested discov-r would be manufactured in us then passed to china later. not sure what affect the new deal will have on that. my guess is it speeds things up. they are burning money fast enough.
i think they will need a bit more to get the first orders out swiftly. then hopefully revenue covers the next wave etc etc
i have been wrong about most things. but with *** packet maths that was where i got. i am not a business person so for me i don’t see why they can’t borrow short term and swiftly repay! the orders are there. business people will tell us why not.
but after these interim results i wouldn’t mind knowing where the ‘revenue’ is for the 2800 units plus that their december announcement talked of.
that must be 2.5 million or so that wasn’t in last year’s and not in this half year! these were xplor units sold. someone must know. this is what many based investment on since december. so where is the revenue. i assume they don’t have a ‘buy now pay later’ scheme?
and i don’t mind hearing why. i just want my numbers to add up to their information. right now it doesn’t… unless people can tell me otherwise.
the company have done well. better than well. but for current ‘orders’ to be viewed as real then surely we must see evidence of past units sold? that’s all i’m asking for really.
if the half year reported revenue of 2.2million everything else would tie in. but at 400k we are woefully light. that then brings the ‘need’ for money even closer.
let’s trust what we have been told. the china agreement is huge the orders are huge and the future is hopefully bright.
536 units produced in one month December
2850 xplor orders received
1226 units shipped
Leaving 1600 to be shipped
That equates to four times their stated revenue!
That means their results were wrong or lies have been told? Either way this smells a little off!
The 6500 orders for discov-r…. Are they real ?
Two brilliant announcements in short time! Lots sellers which I get because lots raised at 25p. But this feels too low a price. I thought 57-61 after the last announcement!
I still think with that there will be a fundraise. No
Money coming in physically and orders in excess of expected levels so they will need money!
That’s my view
Makes me smile in a very ironic way
Today was excellent news and I thought 50p was fair. Well done to the team! I suppose troubled manufacturing history still holds price back?
My question
Enough money to launch DiscovR
But not enough to produce these numbers in good time. So will they borrow and scale up?
Come to market AGAIN for funds?
I assume both are viable options?
Quality always over quantity but thoughts?
They came and they went! The regulars
They be back
Trek
I agree
As usual… I too am tied up. I’d love to be wealthy. So much to make
50p post results
So much upside!!!!
I need a guitar and a hat!!!
How do so many people instinctively start buying on same day!
I am somewhat sick at missing the boat! No funds until September. This was a buy at 17-18-19
Long term 50p in two maybe more
But the value has been zapped!!!
Gees
Slow down people. From memory their money runs out this year???
How likely that a money raise is needed? And how on earth can you raise anything when company isn’t worth anything???
Anyone set me straight?
If they raise…. What price? But their funds are close to gone are they not????
Good luck