Monday, August 07, 2017 12:57:38 PM
The Standard Chartered bank deal should have given them the ability to ship more product at the end of the quarter. They only need $3mm in revenue per quarter to hit breakeven. I'm hoping for at least $4-5mm in revenue based on rising buffalo shipments to the UAE and modest shipments to Vietnam. This will still be a small fraction of the annual potential of the business, but it will give the markets a glimpse into how trivial the current market cap is relative to potential profits.
It's quite impressive that the CEO has been able to secure so many deals given the constraints he's faced. Let's hope the dominoes start to fall soon.
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