GNPT - CEO projecting $100mln in sales in next 12 months
market cap below $500k and revenues over $12mln!
OS 121.6M float 74.7M
stock is very undervalued !!!
Summary of the INTERVIEW WITH CEO dated 4/14
1. The company has been in Recycling business for 14 years and all these years they were profitable. They went from making $500k a year to close to $15mln a year (2013).
Smaller revenue of $12mln in 2014 was because the company invested a lot of money and had a lot of downtime as a result.
2. They have 3 sites. 12 acre facility brings 90% of revenue. The other two locations are running at 50%-60% capacity so they are already capable to increase revenue by another $15-20mln in sales using existing facilities. Plus they are planning acquisitions in a conservative 18-24 month time frame but really they are looking into 12 months so revenues of $100 mln in 12 months will not be difficult to hit.
3. They want to increase shareholders value. CEO believes that fair pps is at $0.20 and he is going to prove it. Company received approval for $5mln SBA refinance loan to pay down debt. Last year they got a little bit aggressive in financing term. Unaware of how a conversion deal really works and it was the first time they did it. $40k left on 6 months conversion loan.
4. Korean Partner that works with Kia, Hyundai, and John Deere wants to invest more money..
5. Lots of other deals and opportunities in the future. For example State of GA is interested in investing in tires recycling... so talking some state contract/money...
6. CEO also stated that once GNPT obtains more liquidity, they plan on consulting with their attorneys and consultants and may do a share buy back to increase value of shares.
7. GNPT is in a huge industry that is growing and is not going anywhere which is a huge opportunity to make money on this business. So far majority of business was recycling of metal but company is looking into recycling of plastic, cardboard, and demolishing material (GA state is booming, lots of new construction). Also they are looking into different ways to recycle oil. Nowadays cost of recycling is cheaper than using raw materials/minerals because of technology. Study on EPA website provides that 75% of trash can be recycled.
Direct link to audio interview with CEO - http://www.princetonresearch.com/wp-content/uploads/2015/04/Money-Info-4-14-GNPT-Part2.mp3
Summary above is based on the CEO interview from last week, however I could hear or understood something wrong so please take your time and listen to the audio. Do your own DD [/I]
