RE:RE:RE:RE:RE:New Press Release - BLACK SWAN GRAPHENE ENTERS DISTRIBUTION AND SALES AGREEMENT WITH BROADWAY These kind of comments show little understanding of the Graphene industry.
The Graphene industry is not a winner take all market, same as AI benefits won't go all to NVIDIA. The addressable market is so big that there eventually will be more players than GRA and SWAN.
In addition, Graphene is not your typical commodity. Every customer has to be vetted, has to test the Graphene powder or mix over an extended time period. Think of a construction company using Graphene enhanced concrete, the liability risks.
SWAN takes a different approach than GRA. Not only are they targeting both the polymer industry but also concrete, ignoring battery materials. GRA went out and purchased potential Graphene users and aggressively ramped up capacity. We know the result, a company struggling to create positive cash flow.
SWAN is adding customers and distributors step by step, building the order book that will allow them to invest in capacity. Current quarterly burn rate is about $500k, they have about $5 million in cash, so lots of runway ahead of them. Eventually it is hoped that they will get an offtake agreement with a larger industrial company that will take a stake in SWAN and will finance the capacity built-out.
Patience is required, but with a market cap of only $40mn, the potential upside for SWAN shareholders is massive.