Baylin Technologies Inc T.BYL

Outlook.

[otnorot]

OUTLOOK
Although COVID-19 is continuing to have an impact on our financial results in the first quarter of 2021, which we expect will result in a comparable quarter to the fourth quarter of 2020, we nevertheless remain optimistic that financial results will improve in 2021. The outlook for the Wireless Infrastructure business line for 2021 has improved significantly for several reasons:
1) Completion of the 5G spectrum auction in December 2020, which will spur new investments across our carrier partners;
2) Several projects delayed in 2020 are now scheduled for 2021;
3) New carrier supplier status wins for small cells for which revenue is expected to commence in the first quarter of 2021; and,
4) BSA wins with a tier one North American carrier. The outlook for the Asia Pacific business line for 2021 has also improved due to pent up demand across numerous consumer segments resulting from the COVID-19 lockdowns in North America and Europe in 2020. Furthermore, Asia Pacific has secured additional key model wins with its key customers and likewise has aggressively pushed into other product segments such as wearables, tablets and laptops. The Embedded Antenna business line is expected to continue to perform well in 2021 with gross margin expected to improve in the first quarter of 2021 due to a capital investment which will automate a portion of the manufacturing process of one of its highest volume products. The increase in consumer demand for Wi-Fi 6 products, coupled with recent large platform wins in this market, have this business expecting growth for 2021. Furthermore, we have moved into the automotive antenna market, resulting in two long-term automotive contracts that are expected to start in mid2021. The Satcom business line has seen a significant increase in military proposals and contract wins to new and existing customers for large opportunities that are expected to commence shipments in early 2021. The launch of our new Summit Series II solid state power amplifier has achieved early success with a key customer win, and our first system is on track to be delivered in the first quarter of 2021, with other awards expected to be delivered soon afterwards. We believe that there is no other platform in the market that can deliver the capabilities of our Summit Series II and that it will open up mu

[otnorot]

The last and a pretty important part: ....will open up multi-million dollar opportunities in both our traditional GEO domain and the rapidly emerging LEO constellations.

[Sikong]

2021-03-11 4:03 PM: "Baylin Technologies Announces Proposed Amendment to its Convertible Debentures"  Obviously, the management team is not very optimistic as the "Outlook" they put out.  They did sound much relaxed and confident in today's conference call than the previous one though. But what they are doing reveals what they are really thinking about the

[ciretaka198]

Why would they do this at this time? This time meaning the 30 day count down to where warrant holders are deciding if to exercise their warrants? The greed of insiders has no limit. They driving the price down so they get maximum shares for $17 million debentures. if they get the price down below a dollar five no warrant holders will bite and then they get shares real cheap.

[ARIMA11]

Also this does not reflect well. CFO is leaving to pursue other opportunities... Why? :). Kidding aside, timing is a good question, not seen an explanation of the reason for the timing. Seems it might be related to money needed for completing the factory in Vietnam. Still, they are more than 2 year ahead of the due date... July 10 2023. On the call it was mentioned ending the year with 11

[ciretaka198]

That all seems resonable except converting debentures into shares at this time does not give one extra dime . While if 100 percent of warrant holders exercise their warrants gives them almost three and a half million. The insiders did not want this to happen as this would also most likly cause a spike in share price and push any need for more money past the point where the new  plant is

[ARIMA11]

Yes. There is definitely an element of self-service since 50% of the contributions were insiders. An aggregate of 7,419,355 Subscription Receipts and $17,250,000 of Debentures were sold  Certain directors... purchased an aggregate of 3,791,724 ... $8,692,000 principal amount It will be interesting to see what the outcome of that special meeting will be. https://www.newswire.ca/news