So let’s look at this in a reasonable way.....using the facts that we have as a guide.....
SBW at last report had -
US$5.3m
US$18.3m revenue
US$7m gross profit.
All this on the back of a year of COVID closures that basically shut down the majority of business across the world!
By all accounts they expect to hit net profit next year.....
.....they’ve now organised to a $5m funding stream......why the hell would you do that?
They don’t need the money, they got US$2.1m in January remember. They are looking at being profitable this year....what the???
Convertible notes - normally used as a stream of income to fund manufacturing costs.
‘Well, they’ve already given us a few clues about 2021 and what the expectations are for them in respect to major sales in the retail innovation division.
The Jan $2.1m was for - “product development in the companies retail innovation division and go to market strategy for autonomous micro market and micro cooler”
This $5m is for - “commercialising the retail innovation products”
So January.....they were developing....March they are commercialising - meaning the products are ready to be sold.
Stay tuned because sales are just around the corner.
So let’s look at this in a reasonable way.....using the facts...
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