Saturday, January 25, 2014 1:11:21 PM
while i agree foreign markets appear to be easier initial targets to penetrate for legal and other reasons, nothing here is a slam dunk... yet.
i for one want to see several signed contracts with enough details to allow us to construct business models with some ideas on revenues, expenses, earnings, and cash flows.
and then, of course, there is the question of execution if and when the contracts are signed sealed and delivered. i believe mills is lining up all these operational ducks in a measured and deliberate way to try to make as sure as one can that the presumed orders turn reasonably seamlessly into smooth deliveries and revenues.
oh yeah, one more thing. he better have a top-notch contract lawyer to make sure ecsl does not negotiate weak or minimally profitable contracts, nor deals where there aren't significant upfront payments. If the potential revenue ramp is as large as i think it might be, it is imperative to minimize the need for operating working capital. any of you who have owned and run a business large or small should know what i'm talking about.
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