RE:dissapointing but not surprising.I am not surprised either.
Re: zero VTM
VTM - likely ONly ONe main customer so far - ON. Everyone everywhere working off their supplies that are currently sitting on the shelves. Rapid tests changed the game...so did CV-19 exhaustion...and then the apparent end to teh pandemic - until the next one.
Would be interesting to understand the conversation that must going on now.
MBX to ON: " how many VTM's should I put you down for? (ABC)"
ON "Zero. We might need to buy some more VTM down the road some - once our batches expire, or once we work through our vast inventory of course."
MBX " but you asked us to gear up production, and in fact helped us to pay for it"
ON " Yes but we don't need any more at the moment - stand by"
MBX " you may force our hand to re-purpose the productin capcity to something else that pays the bills"
ON " Ok lets put our heads together before you do anything rash...in the meantime, please feel free to find some other buyers. Know anyone that needs some PPE?"
MBX "I'm still waiting ...!"
MBX internally
"Angela - get me the contract? Did we sign any minimum guaranttees with ON?"
"Phil...throw me a bone here...where's my QAP deals?"