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.
- Forums
- ASX - By Stock
- SBW
- Ann: US$5M Investment To Continue Strong Investment in Growth
Ann: US$5M Investment To Continue Strong Investment in Growth, page-7
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SBW (ASX) to my watchlist
(20min delay)
|
|||||
Last
6.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $13.06M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 58843 | 5.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.7¢ | 13500 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 58843 | 0.050 |
1 | 111850 | 0.011 |
1 | 2000000 | 0.010 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.057 | 13500 | 1 |
0.068 | 71415 | 1 |
0.069 | 138846 | 2 |
0.070 | 50000 | 1 |
0.080 | 10000 | 1 |
Last trade - 10.08am 15/05/2024 (20 minute delay) ? |
Featured News
SBW (ASX) Chart |
Day chart unavailable
The Watchlist
SS1
SUN SILVER LIMITED
Gerard O’Donovan, Executive Director
Gerard O’Donovan
Executive Director
SPONSORED BY The Market Online