Has anybody checked with Nick/co what's the trial to contract customer conversion ratio so far and what level of conversion can we expect going forward?
The 2016 Foundation newsletter said to have secured 45 customers. The Moelis report said AJX's customers in trials are 10 times the size of won customers. So we have 450+ customers trialing out our chemicals?
If 10% of the trialing customers convert then we will double the number of "secured" costomers.
If 50% converts then the number of "secured" customers increases by 5 fold.
AJX Price at posting:
71.0¢ Sentiment: Buy Disclosure: Held
