Chinese presentationOn the Poda website we have the corporate presentation in Chinese.
Have a look:
https://docsend.com/view/hudgzkgccgy5vy4u
This means that the Eson pilot project was successful and that we are going to tap into the 250 million pods per month through Eson distribution.
In January 2022 we start at 10 million pods per month and build upwards from that level.
Also of importance, the Hedge Fund Armistice Capital LLC owns 12.39% of the outstanding shares of PODA and they cannot exercise their $ 2.50 per share warrants if their ownership is greater than 9.9%. I suspect that part of their selling is to ensure that they can exercise warrants without any restrictions and, also to lock in some profits. It also means that they do see the stock price much higher than $ 2.50 per share.