Thursday, January 13, 2022 4:41:24 PM
Relative to Q4 in particular, if one remembers the last forecast by Leon it was a total revenue of $1,800,000 for secnd half of 2021 (Q3 + Q4).
Therafter Q3 showed a Revenue of $886,000. Therefore one could expect a revenue of + or - $950,000 for Q4.
If Q4 is so, even assuming that additional beds did contribute, one can projecting revenues of $4,000,000 for FY2022 is not risky at all (remember that MC is about 3/4 of this revenue.
This being said:
ONE CAN ASSUME THAT LEON WORKS AT EXPANDING CURRENT OPERATIONS AND HAVING A TRACK RECORD CAN JUSTIFY ALLOCATION OF NEW FUNDING FROM GOVERNMENTS.
I for one cannot believe that a business person such as Leon only work to only create a very small operation generating a Pet shop like type of annual revenue, particularly exploiting a market of great interest for governmental organisations.
In any case, I repeat that 'GRST is a RISKY business venture with debts but also growing revenues. It's managed by a successful executive working at reviving a company that was in a deep coma to say the least (I refer to it as being a 'quasi-startup operation).
If it fails we will have to writeoff our bet or investment.
If it succeeds we are in for quite an interesting return.
Patiently,
Roger
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