Alleyba says..............
...................that he would like to welcome Smitter and Tutter back to the message board. For what my opinion is worth this is how I view the past, present and future.
As to the past,in order to survive I agree that a certain amount of paper had to be written so the company could achieve the vision of our CEO. Were they the best possible deals? No...some of them were not favorable but now I think the playing field is more level.
As to the present, in your absence we have made some finance deals, acquired PIMD a corporation within shipping distance of 10 miles of the airport and the shipping lines and we have obtained financing to leverage our production of Raapidmeds along with taking a 20% interest in the Tennessee facility; moreover we have applied for distribution license in several states, including license for controlled dangerous substances and have made application for distribution in China.
As to the future Alleyba sees a big year coming in 2014. Why? Because a lot of the paper will be gone and our networks of distribution include the department of defense, mass merchants, chain drug stores, hospitals,HMO's, clinics, China, the PIMD corporation and acquisitions imo to be made.
Rapidmeds, the oral delivery technology, is predixted to grow at 12-15% over the next several years and by 2015 the ODT market could produce revenues of $13 BILLION by 2013.Growth is fueled by patient demand and more patients prefer ODT's. I know my kids do. Also there has been a change in law in China where parents are allowed to have more than 1 child.Factor that in along with the aging population growth and if we get the approvals and capture fraction of growth we are talking millions if not billions of revenue growth. In fact next week I will cut and paste comments by accounting firm Delloite which support what I am saying.
Also please keep in mind we still have the advantage of Johnson & Johnson for most of 2014 and I am hearing it may be 2 years.It is also important to remember we are the exclusive distributer in the US for Rapimeds.Aside from Cjina there is talk about expanding to Latin and South America as well as Europe. In fact, aside from the fact that this has been mentioned in prior releases the Forbes Joint Venture in China has already identified and targeted over 300 pharmacies and hospitals for distribution.
Smitter, as I know you do your DD then you know that out of TN. we are increasing our numbers steadily to the mom and pop stores and once license applications are approved for other states and controlled dangerous substances we are off to the moon.
The 20% ownership in Tn. also entitles us to 20% share of its pre-tax net profit.
PIMD before acquisition said its sales were between $1-$5 million.Think of where that will go.Also keepin mind company does everything COD so that eliminates any accounts receiveable issues. In my opinion I see this company earning $15 million in income by 2015 just by growth and acquisitions.
With regard to GEM there was a company who provided financing to us and does business in 365 countries.Do you not think they not saw our potential.
Again...do not know if I have brought you current but read Batts posts and he more than covers what I have said.Smitter...glad to see you and tutter back
