Managed to pickup a good size parcel at 5.3c yesterday. IMHO, its better value at 5.3c than it was at 2c.SPP....here are the top 10 reasons why
(1) $14m aud less debt ( $10usd forgiveness)
(2) Chinese finance re financed with growth fund ( ability to expand as required with further facilities)
(3) Second manufacturer introduced to ease supply limitations
(4) Successful launch and bundle of $10 light with Echo
(5) Clean light FDA accredited and more results to follow
(6) Launch of switch in Aust and North America
(7) Don Hicks and his contacts at Costco, Lowes, Sam club, home shopping net work.....etc...more to come in USA and Europe
(8) Significant manufacturing cost reductions and reneg of non profitable contracts
(9) Over subscribed $13m Cap raise from Insto to sure up balance sheet and aid to meet exceptional demand.
(10) EBITDA positive quarterly and more to follow
Feel free to add others.
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