Doing a rough calc will give a fair idea of when that turnover...

Doing a rough calc will give a fair idea of when that turnover will be reached:

$10,000,000 target / $100 per unit = 100,000 units per year.

Their contract with Jakarta is for 250,000 units. So to reach sales targets they only need to contract two or three cities per year - I think they already have around 10 on the cards, so this is achievable.

But they also have to meet production. They asked for $4mil recently and have signed up $5.7mil already according to reports. I assume they asked for $4mil knowing this is what was required to meet their existing orders. So they have the funds to meet production. That just leaves the time, how long will it take to build the production machinery? This is hard to guess, but 12 months doesn't seem out of the question.

So I'm expecting them to have the first 2 tranches out within 12 months of listing and the third one won't be far behind. The only thing holding them back is how quickly they can manage upscaling their mass prodcution capabilities.

Now for the upside!

If they can contract only 5 cities @ 250,000 units per year and meet the production in 12 months that represents this much annual revenue:

5 x 250,000 x $100 = $125 Million Dollars

(cue doctor evil rubbing fingers together)