Good update.
1. Increased production is on schedule as per announced in Feb update.
2. Revenue constraint due to production limitation is removed. In my opinion, now we might need more marketing to drive demand and also more product familiarization by Chemist to do formulation using ZinClear.
3. Two ovens, 15T per week increase. Each oven is 7.5T per week, equates to 390T per annum.
4. Manufacturing of sunscreen by approve FDA by end May 2019. It will help to increase the market share of ZinClear among overall sunscreen ingredient (ZnO TiO and chemical) market.
5. Higher margin product from 120,000 tubes, further negotiation with other brands owner is good indicator of future higher demands generated by ANO. This expand revenue source and reducing major client concentration % risk.
Hang tight.
Road to 10x or even 100x is always not easy, many initial investor get off the ride too early. I suggest to read the book.
