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Saturday, January 30, 2021 3:53:45 PM
My guess is that we sold the 20ish% stake in the RI MedREcycler to fund this.
A great business move! Even if the stake we sold was worth 5-10 million and we sold it for a couple million, that's an awesome move if it allowed us to get a jump on solar.
The value in MedRecycler is not squeezing every ounce of profit for ourselves out of this particular facility, it is in demonstrating that it can be done so that we can replicate this elsewhere. This stake they bought was only a couple of months ago and (assuming this is what the funds were for) we've already turned around and used that cash to build out in a huge way.
Now... all that being said, I'm going to take a conservative approach and assume that we don't 'OWN" any of these 8 facilities.... but that we've simply contracted with them to make our product. Still though, that being said... usually if you do this, you find one or two places to make some stuff. We've got 8, including 3 international. That's wild.
We didn't sell this stake to stay afloat or pay some bills....We did it to conquer a market. How many 9 cent stocks can say that????
This paper may come sooner than we think.
Blessings to all!
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