RE: No Brainer3 Mar 2021 09:27
44 million market cap is alot. See below. How much profit per mask?
As previously announced the maximum production capacity of the machine was expected to be around 5 million masks per month, based on the machine being operated for 24 hours per day and 7 days per week. The current production rate is significantly below these levels and the commissioning process has identified a number of issues that need to be resolved over the coming weeks in order to improve the machine's productive capacity. The Company is in discussions regarding the appointment of an independent adviser to assist P2F with the development of the production facility, including building up the production team to operate a single shift and enabling a gradual increase from the current limited level of production to commence, and to undertake a review of the best routes for exploiting the anti-viral mask technology. This is expected to be confirmed in the near future. The Company will provide further updates as it progresses these goals in due course.