RE: recap,............29 Apr 2021 08:59
Textbook ambiguous wording ! Interpretation ambiguous enough to ensure the reader hears what they want to hear....
I could read this as Since the announcement on 28th October 2020 ( 125 PW / 500 PM rollout = target of 3,500 outlets........in reality 8 months later on June 21 EXPECTED Target average = 437 outlets per month. ....big difference
They also state
"Further orders have been placed by major distribution partners as brand expands across US"
Now, how do you interpret this statement. Do they mean that ...
Existing new outlets have already re ordered product after selling out ! which is what we all want to hear = BIG SELLER!!
or,
Distribution partners will place further orders to fill the new outlets being completed each week, as they continue the rollout across the US. (which is what we would expect, common sense and makes no reference to whether product is being reordered in any hurry).
Its worded like this for a reason.....otherwise imo if at the date of this RNS new outlets were already ordering new stock to replenish shelves of sold product ...they would have told us so....no more detail would have been required.
Just my opinion. Its a long game this one.....long wait to see who is correct.