Grogenisis is out sourcing and no need of a ware house or own equipment. There partner is UAS. Press release from Aug 9th 2016. If you read the CEO interview you will see, they need little money in the bank to complete an order.
I like the approach they are taking. I hope they stay lean and focused. Presently they need only a few decent orders to be profitable.
"CEOCFO: You mentioned that you reduced your burn rate. How do you minimize your operational costs given your global focus?
Mr. Kamolvathin: Our business model is designed to run lean, and we intend to keep it that way as we move forward. We contract with an experienced organic blender to produce AgraBurstPRO under our specifications and provide warehousing and logistical support. We do not have a retail sales force nor an institutional sales force. Our business is based on developing wholesalers, master distributors and distributors and then incentivizing them with a reasonable profit margin. We provide technical support and marketing support to these distributors, but we are structured to minimize the necessary overhead and shorten the path to profitability. We talk a lot about our mission of helping farmers, but it is always with an eye to enhancing shareholder value at the same time. We can only change the face of agriculture by becoming profitable and maintaining a position of long term viability."
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