Good news but all part of the build up to $18.5m sales, not an unexpected windfall, so still suffers the problem that the mkt cap is already high relative to the gradual revenue build up and therefore profit level, which inhibits price action. Given the apparent quality of their product range, I would have thought if two major bedding companies were now ordering Alexicool the revenues over the next seven years would be much higher. That said, it's a bit like when Playtex invented Velcro, and sold it off because they couldn't imagine it's use except in bras. In the end it found lots of uses. AJX is at that stage, still discovering uses, so I for one am not game to reduce exposure as a major move upwards could come at any time. In fact it does look enticing to buy more at this level.
AJX Price at posting:
52.5¢ Sentiment: Buy Disclosure: Held
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