The thing I keep coming back to is why they made the last fund raising to increase inventory levels, in addition to the $500k they already had, if they didn't have clear signs that their products were going to sell well in China.
The expected gm is 80%, so $500k inventory would translate to $2.5m in sales & yet on SD they only sold an additional $20k on top of advanced sales. And yet there updates made no suggestion of sales not meeting their expectations.
I know there are additional products in the beauty range coming out soon but that seems like a big disconnect to me.
I'm going to give them 2 more quarters to see if they can start building some momentum.
ABT Price at posting:
49.0¢ Sentiment: Hold Disclosure: Held
