GenTech Holdings Inc (GTEH)

[carusso]

Thanks for posting that.

Excerpt:
“Lovatt added, “SINFIT Nutrition has also contracted with an expert outsourced sales agency to secure contracts with major retailers, which we believe is a very feasible plan given our understanding of past negotiations involving Fizzique’s products – Fizzique is already approved for sale in Walmart stores, for example. We hope that a production run of approximately 4 million cans of Fizzique each quarter by Q1 of 2022 will become ‘run-rate business’ for the Fizzique brand. That could give us a conservative 2022 Fizzique sales forecast range of $15-20 million.”

SINFIT Nutrition currently has post-acquisition cash assets totaling approximately $3 million, leaving the Company well positioned to drive successful commercial execution of all of the opportunities arising from its 2021 acquisitions.


“It’s important to place the past six months in a larger context,” concluded Lovatt. “Our consolidated revenues for 2019 were virtually nothing, and we did only approximately $250k in 2020. So, the growth we are seeing this year is huge. Once our cash requirements are met – which we expect to be within the next couple of weeks – we believe the pressure on our shares will lift and it will have an opportunity to price according to the strong fundamentals we have lined up over recent months, and the growth potential they imply for coming quarters. Hence, we see no need at present for a reverse split.”