Wednesday, September 02, 2020 10:33:50 AM
My assessment is that GTXO may be in a game changing moment. Covid has provided them with an opportunity to shift the entire focus of the business. Right now, in my view, the central problem is the lack of working capital to rapidly scale the 'covid' business but even three quarters of good business can correct that. A lot of course depends on the level and length of suppliers credit that they receive and the level and duration of credit that they give. They are pretty anxious to get government contracts and I suspect that if they get them they will be able to arrange short term financing such as factoring to deal with it. This is a company with a market valuation of just about $1. 5 million. I don't see (given current market conditions) why they should not be able to generate sales of $10 million and make a net profit on same of $2 million, even with a 40% margin.
My main concern is whether the current management is so wedded to wearables that the miss the opportunity. The GTXmask website is a good site and may suggest that my concern on this point is misplaced. At $0.012 -$0.013 this appears a win win prospect to me. Thanks for the advice though.
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