Post by
Infirstmoney on Oct 29, 2020 10:44am
How many sites can they get up/running in the next 30 days
Revenue for each location is the key. How soon can they have 50 running?
Comment by
Infirstmoney on Oct 29, 2020 10:46am
Stock could hit 50 cents on news of multiple open locations. We need more deals yes, but opening dates is what the market is waiting for, before really buying up the shares.
Comment by
MrTAteam on Oct 29, 2020 10:47am
I'd like to know where they will get the money to build 500 cubes/mobile offices???
Comment by
Infirstmoney on Oct 29, 2020 10:58am
They got the financing and cash lined up already. Deal with the Cube maker is finalized. Deliveries have started. The Cubes pay for themselves, in less than 60 days. In some cases, less than a month. You do a few hundred tests at each location, then the rest, after that, is very high profit margin.
Comment by
Infirstmoney on Oct 29, 2020 11:12am
They raised money on August 20th for it. Plus, they have cash flow from 3 open centres, and their order for the Cubes was backstopped by their lender, based on how many tests can be performed daily, and the payback time it would take for the company to cash flow positive. They can access that money made available by their lending sydicate (banks) as well.
Comment by
MrTAteam on Oct 29, 2020 11:22am
their order for the Cubes was backstopped by their lender, based on how many tests can be performed daily, When did they get a loan? I don't recall this at all.
Comment by
Infirstmoney on Oct 29, 2020 11:30am
Thanks for the info. Yes, they only pay a small deposit up front. Like any other equipment, or real estate deal. The rest later. Cash on hand, is more than enough to roll-out their first big wave of locations. They did raise money.
Comment by
wembley on Oct 29, 2020 11:50am
Mr A team is paid to bring these questions here. Dont respond.