Kraken Robotics Inc (KRKNF)

[SpacthatAsk]

Kraken Robotics Investors Group:
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Hey guys, found this on a french forum ''https://discussion.espacemc.com/t/png-v-kraken-robotics-inc/854/235'';. Hopefully you guys understand. Apparently this guy met with CFO Joseph Mackay and had a small chat with him. Now if this is true, I believe so but have no 100% proof. Many interesting things he pulled out, here's what he had to say about his discussion with the CFO.

' ' Here are my notes on Kraken following my conversation with Joseph Mackay the company's CEO:

The forecast for 2020 is just under $ 30 million in income and 50 million for 2021. In 5 years they target the 200 million if they are not bought by a competitor until then.

They are not worried about getting new contracts in the future as their products are in high demand. Rather, the risk is not being able to deliver the goods on existing contracts and that is why management's attention is on the execution currently.

They have no problem getting bigger the company right now. There are enough qualified workers coming out of local universities to ensure the growth of the company's labor force and so far they manage to retain all their employees. The building they are currently building is big enough to ensure a growth of 80 million income and there is an adjacent open lot that could be used to increase the company's capacity by another 80 million if the need is felt in the next few years.

The Ocean Supercluster initiative allows them to earn money for their R & D and allows them to build a free KATISH, THUNDERFISH etc. and they can sell them later. The only dealership is that Kraken must give a 15 % discount on their services to customers in the Canadian oil industry.

The new 8-year deal signed a few days ago with an unknown body will facilitate trade between them and has a minimum value of one million per year.

A major contract would be in the process of being completed, he talked about March and when I asked him if it was the contract with the navy he told me he couldn't tell me but I got the feeling that It was this one. Guess we'll find out soon.

The oil industry is a big market for them in their RaaS division, which can allow an analysis of underwater infrastructures in 2 or 3 times less time than the traditional method. Their submarines can also operate under difficult conditions at sea, which is not the case for other methods.

Finally, we should not relive the problem episode of last year's annual results. Last year's problem being that they paid so low for the purchase of their battery division that they had to declare a significant gain which delayed the release of the results but it's a whole problem not too bad to have . ''

Hopefully you guys understand, if you need help don't be shy to ask questions! Fun to see the reason why they had to delay their ER last time, they had to report a big capital gain because they paid so cheap for one of their divisions, not a bad problem if you ask me.


https://discussion.espacemc.com/t/png-v-kraken-robotics-inc/854/236