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Post# of 200739
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Re: emit post# 67951

Tuesday, 03/17/2020 10:14:27 AM

Tuesday, March 17, 2020 10:14:27 AM

Post# of 200739
I think the 20 units to profitability was strictly about installations and leases, or at least that’s how I interpreted it. The PR the other day with the company in New Jersey said “sold” so I called Chesapeake to see what that meant. Was it actually sold, or was it leased? I was told that the main business plan is leasing but they will sell the units outright and make royalties off of the hypochlorous acid that is bottled and sold. In this case, they outright sold another unit to this company (which is already a subregistrant and providing royalties to the company). I don’t think the royalty money off of non-leased machines has been calculated into the profitability equation. My hope is they took that initial sale money and paid off some debt!