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 what we sold was worth 5-10 million and we got a couple million, that's awesome it allowed us to get a jump on solar expansion.
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 we sold was only done 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. 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????
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 and shows how much faith Nick has in what we're building. I know he already did that when he put his house on the line.. but good to see he's still of that mindset.
Paper may come sooner than we think.
Blessings to all!
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