I think they sold around 6,300 cases (3 containers) in Q4, times 6 bottles per case, times $9 wholesale, or $340,200.
For Q1, they ordered 100,000 bottle for the Phase II roll-out, or approximately 16,000 cases, maybe for the whole quarter. 16,000 times 6 bottles per case, times $9 wholesale equals $864,000 for Q1.
I'm a little more conservative when I make my investment decisions and since Q1 more than doubles Q4 results, that phenomenal rate of revenue growth is more than enough to keep me fully invested.
Just don't want anyone to have unrealistic revenue expectations while we're still ramping up production. With time, we should have plenty of production in place.
By the end of the year we should be on a run rate of $10 - $20 million per year in revenue and the forward looking stock market should get us up to the 15 - 25 cents range by year end.
That's still a huge move from here! Just my opinion; not investment advice!!!!
I just like this stock because my conservative calculations are still very positive. I've done a great deal more due diligence than I've shared with the board, from estimating actual volumes of wine produced in the steel tanks to the amount of wine that is produced per hectare and much more.
There are plenty of issues ahead of us but none that I can see that can't be resolved with a little time. Christie will bring all the publicity we need to turn this into a mega-company someday, just not overnight!
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