RE:RE:RE:New InvestorsThe company will release sales information in early December (second week) as soon as the final tally for November (and one week of October) is complete. Investor relations is telling this to anyone who will listen. If you don't beleive me, give them a call 604 417 6400
Since the CEO forecast $1 million in revenue for 2017, I expect the revenue number for November to come in somewhere between $400k and $500k. Any surprise to the upside should be bought aggressively because it means there is greater demand for their products than the company originally thought. All subsequent revenue projections should be revised to the upside.
In one of the videos the CEO mentioned that they had sourced 2000 metric tonnes of biomass (2000 Kilos) from which they will extract oil to be used in strips and cartriges. Then last week they took out a loan to secure $500k more organic biomass. I view the loan is a bullish signal that the demand for their strips and cartriges is robust. Presumably, they could have financed the purchase of biomass from busienss activities once they collected payment on their first run of products. Instead, they expanded capacity by taking on debt to buy more source material which they will convert into products and sell at a healthy margin.
We will know more in early December when they release sales numbers. Tomorrow they are scheduled to release their earnings for the prior quarter. Aside from reading the MD&A I will take great interest in their cash balance. If they had $1.5 million or more on the books as of September 30th I think we can put to bed the rumour that LDS will be raising cash anytime soon. With healthy cashflow and over a million in the bank they should be able to secure a line of credit to complete their grow facility (which will be built in a modular fashion).
JD2016 wrote: I haven't come across any material that discloses that information maybe someone else on this board can share this information if they have it but i do know it was indicated that we will get information on sales since production in early December