news releaseHadn't knr announced production of 10k units per month??
This news release states that they are using funding to increase production to 20k.
Can we conclude that they have or are anticipating sales of over the 10k units per month that they were/are producinhg?
10k unit sales per month, assuming one year of sales is 120k units at 12k per unit x 50% profit margin = $720 million
divide by 30 million shares and we get $24 per share profit?
Where did I go wrong? (other than the sale price was supposed to be USD, I left it CAD assuming profit margin for the distributors)