Ann: Market Update, page-71

Took me a week to finally read this update properly, and it's impressive.
Average sales of 80 bikes a day for the quarter, pre orders average of 107 bikes a day, that's no easy feat, next quarter is all but guaranteed to be a 30% increase in sales, people are underwhelmed when they see the 7.8k units sold for the quarter, be forward thinking and consider how many stores are opening in how many countries, and how easy/quickly we are going to breach the 10k bikes mark and be at 15-20k per quarter mark and beyond, the Greenmo order of 5k+ bikes has been completed and the 9.6k preorders is huge considering it doesn't include a significant large order, as I've said before, once we have say 1500 distributors, how easy will it be to get that daily average up to 200? 300? Shit our factory that can handle 350k-400k bikes per annum and everyone thinks is heavily under-utilised can only handle 1100 bikes a day!
Positive cash flow as always and 16.7m with no debt, reading between the lines, they are getting ready to strike whether it be buying Super Soco or something out of left field and we know they act first, talk later.
Extra 20 odd countries listed ready to penetrate, crazy how global we are becoming, in some countries that some would deem insignificant but not the case with our product, speaking of products, multiple mentions of expanding our range including the 3 wheeler, but also new gadgets/tech beyond automobiles like apparel/wearables etc.. in talks with a top European industrial design company regarding a new bike, before Street Hunter and Wanderer are even in shops, that's having your finger on the pulse, and I have full confidence that their r and d time and money is being used well.
They have addressed some shareholders concerns regarding Chinese relationships and said stop being dramatic flogs, the future is all good.
They are being fully honest regarding Bird Group delays and remain confident, stating Bird have stuck to the mou this far and 500k Covid cases a day, it seems like a very legit delay.
Emoto events and marketing in general seem to be going well and on track, lots of different angles of attack, lots of branding everywhere.
They sound super confident with b2b sales and futures which is wonderful as b2c will take care of itself.
Supplying bikes to 7 ride sharing companies and 13 food delivery companies.. these numbers are clearly going to continue to grow and are impressive for how long this sector has been active.
$97m market cap, take my money.
Soon we will be doing 37,000 bikes a quarter and people will still be saying we haven't grown exponentially. It's like the frog in the boiling water situation, nobody is noticing that things are heating up, but you will wake up one day to a share price of $2.50 and regret not having a huge holding.