AJX 0.00% 1.2¢ alexium international group limited

Moelis - Bedding down better margins

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    http://alexiuminternational.com/wp-...8/Moelis-Alexium-International-27July2017.pdf

    Just noticed this report from Moelis on the Alexium website last night.
    Appropriately titled !!!!

    Does anybody else think the 100,000 pillows p/a figure below could be wrong?
    Just appears way too small.
    Cheers

    Pillows (Pegasus)
    o In Jan’17 AJX signed an MOU with Pegasus Home Fashions (New York based top-tier pillow supplier) with potential AJX chemical sales of ~US$10m/year.
    o AJX has since been working with the supplier of Pegasus’ pillows, a Shanghai-based manufacturer that sells in excess of 100,000 pillows annually.
 
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