Daymak mathi was trying to make sense of what the Daymak deal might mean going forward and put together a small summary. i have made assumptions which can be challenged for sure. perhaps someone can analyse and let me know if this is correct
Daymak to date has 100 million in sales of vehicles since 2001. Assuming their cost on these was 30 million( i think that is probably a very low estimate) and 30 percent of that cost is the battery as stated then the total purchase by Daymak of ACDC product would be 9 million for every 100 million in business.
If we use the same ratio and the cost to ACDC on the 9 million is then profit from the next 100 million in sales by Daymak comes to 6.3 million. If every penny of that went to shareholder value(which is not going to happen) share value on 325 million shares(current number plus 12.5 million from closed PP) not including any future dilution would come to about 2 cents per share.
Does that sound about right?
So for every 100 million in sales by Daymak there is 9 million in sales to Daymak. Anyone know what the annual revenue at Daymak is currently?