RE:Eson is out / Plant cancelled / Landewyck is in Deep you appear to be all over the map on your analysis. Its more of an observation based on your posts rather than a criticism.
You went heavy suggesting PM as a potential acquirer of PODA and we haven't had any news because perhaps a blackout period is in place regarding a possible acquistion or strategic investment from PM. Now you've switched to the idea that BAT will eventually buy out PODA because of their minority interest in Landewyck Tobacco. The reality is that PM and BAT are too busy focusing on each other for patent protection and market share. Both of these companies continue to develop their own new heat not burn devices.
You suggested at different points that PODA stick would generate PODA with 25 cents profit, then you said it was 33 cents based on what NEAF sticks were selling for, then you said it is closer to 12.7 cents now that you were able to review the financials, now you suggesting that "By leveraging the Landewyck manufacturing and distribution channels, Poda will incur little to no cost and will earn massive profits from the sale of poda pods around the world." Landewyck is not going to produce PODS at little or no cost for PODA. Landewyck makes money on manufacturing and they have a facility to pay for. They will charge PODA what is reasonable and beneficial for both companies but it won't be for no cost. PM sold close to 100 Billion IQOS sticks in 2021 generating 10 Billion in profits. This amounts to a profit of 10 cents per stick. Our cost point will be better than IQOS but not significantly higher than their 10 cents, so 12.7 cents or whatever PODA indicated in their financials seems like a good guage.
You suggested that PODA would not have been able to have raised $15 million without some assurances of an off-take agreement with ESON. Now you are suggesting that PODA has abandoned ESON for Landewyck and that Landewyck somehow convinced PODA to partner with them rather than ESON.
You said that you think "the 500,000 initial delivery order made in October 2021 through Eson was made to one customer, and this was probably Landewyck" and "Landewyck must have approached Poda about doing a direct deal and removing the middle man Eson. I believe that Landewyck must have introduced Christophe Tepr to Poda. They wanted one of their own on the Poda team before finalizing a deal. Tepr used to work for BAT which owns 25% of Landewyck."
There is nothing on the January progress report that suggest that, just pure speculation and contrary to anything the company has been putting out. in fact, the progress report specifically asks:
Question: Describe the expiry or termination of any contracts or agreements between the
Issuer, the Issuer’s affiliates or third parties or cancellation of any financing
arrangements that have been previously announced.
If the ESON LOI was cancelled, the company would have said so but instead they stated: "Not applicable for the month of January".
It Also asks on the form:
Describe the acquisition of new customers or loss of customers.
Once again, if ESON was no longer a customer the company would have said so, but instead they replied: "Not applicable for the month of January".
The reality is that PODA can still be working on an off-take agreement with ESON and working towards production capacity of 10 million pods per month. This is what Ryan has stated their expectations are based on interviews a few months ago and nothing more to the contrary has been said by him. In fact, he said they invested in and were anticipating the ability to ramp up to 10 million pods per month by early 2022. Covid could have delayed this timing. We simply don't know until the company comes out one way or another to say where things stand and if their plans have changed.
If they have abandoned ESON for Landewyck they would have stated that when announcing the LOI with Landewyck. Companies like to pair off any negative news the market might perceive with good news if they can. Also, if things haven't worked out with ESON and there is no off-take agreement and this fell through, then this is material news the company has to disclose right away to shareholders as per regulatory requirements, they have not done that as of yet. Daniel Chen from ESON is still listed as a Strategic Advisor to the company on their website. Also, they have no agreement with Landewyck other than an LOI to develop one or more products based on each companies intellectual property. Before they even do this, they are going to work on a "Blend Development Trial", in other words, this is going to take some time, nothing quick coming out of this and as investors we want the company to start making sales. It would not be smart on Ryan's part to abandon a potential deal with ESON to get products produced and starting sell for an LOI with Landewyck that may go nowhere, regardless if Chris Tepr is involved or not.
And it doesn't have to be one or the other. PODA is pursing a number of agreements with all sorts of distributors as well as white label opportunties. ESON and Landewyck are both seperate and important opportunities. It would make no sense for PODA to abandon on their own volition any partnership with ESON. ESON provides PODA with a fast-tracked opportunity to rapidly develop its Chinese market share that has 400 million smokers. Landewyck does not have this type of presence in China but can offer much more in Europe. Frankly, they should be pursuing and building up both relationships.
All of this being said, the reality is we don't have any significant news regarding sales. This is what the market is looking for now from the company and without this, there is no catalyst to get us out of these new lows. Sales take time to build up. Ryan has always said he is not looking for a flash in the pan type of company but he wants to build a billion dollar company which could take years.
It serves no purpose to post everyday for the sake of posting. For newbies on this board that are constantly looking for reassurance and believe every word and agree with every positive post on this sight, do your own research and don't make investing decisions based on whatever anyone posts on these boards, otherwise you will be left frustrated and disappointed if you do. Email the companies investor relations department directly and always always do your own due diligence.