Thursday, August 20, 2015 8:30:49 PM
$60 MM in sales sounds about right. I would estimate profits at about $6 MM. As for outstanding shares, I estimate somewhere between 37 and 60 M. Not sure where or how two reporting investors with 7% stock holdings came up with around 90 M.
I'm hoping that the devaluation of the Yuan gets top brass interested in their US stock. For a while, or until we hear from them, it looks/looked like they were only using to obtain capital to pay for growth expenses. Reporting would help give them more capital AND personal wealth for directors and mgmt.
I've seen some reports that BIGG is offering franchise opportunities for brick and mortar shops in China to worthy investors. Yuan devaluation could help boost sales in international markets. Margins could suffer if they don't account for costs from internal suppliers.
Any news from BIGG would be good. Even if it were only to apologize for delay in reporting. That in and of itself would indicate a forthcoming financial report.
I hope that there has been a switch back to Pearl Group if if fact there was a switch from them about a year ago. If a financial report comes out, I expect $0.04 to $0.16 share valuation. Not knowing what the heck the outstanding share number really is, it is hard to really estimate.
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