Clayton, I am with you here. There press release on april 20th was very agressive and stating they had already received the initial purchase orders from four clients. And now we only know two contracts for sure.
And you are right that the contract with Southern Food Supplies is less than expected (or they built bigger containers recently).
Fortunatly this contract is not that big that it is so important. I am still waiting for the other two contracts to be signed which should be big contracts.
The first one, with National Boston Medical, is about virus shields. And it was mentioned in the april press release that National Boston Medical has signed an agreement with Pinnacle International which grants Pinnacle the exclusive rights to manufacture all four sizes of their dispensers.
About the last contract, with heritage Forest Products, it was stated in the press release that they also submitted a purchase order for plastic protective edges to be used for shipping its lumber.
So, to all, I am going to sent an email to Greg Reight at the end of this week because I want answers to some questions I have. The most important questions are regarding the contracts I mentioned above.
Then I have some other questions about the preferred stock (the valuation, etc.). So, if anyone has questions, just sent them to me in a PM or post them here on this thread and I will sent the email to him at the end of this week.
For now, I must say I am not satisfied with the PR work sofar. I hope Greg will change this all. Because IMO the news in april was far to agressive and looking to far in the future. It's better to bring good news slowly and show improvements every time. Because now, when they don't deliver $ 0,82 EPS it will be a disapointment. But I must say that the market is not yet expecting these numbers otherwise the stock would be much higher.
So, let me know your questions.
Rene. |
