Haven't had much time to put any thoughts as been busy with lots of things
Looked at the quarterly update today and nothing can explain the rise
Welcome to the world of small caps!
Only less than a quarter of cash and hardly any customer receipts
But there are great expectations as you can see below
On the subject of expectations, Sprintex does have a order to fill if the Mest Water trial passes
Each unit will retail around 30000
Mest water has reserved 400 units on expectation of future sales
So lots of "pie in the sky" and "hero moment" stuff
I also checked the Mest Water website and there aren't much details of customers, only the technology
Everything in Dutch so I needed to translate the website. Not good when they don't have english version of the website.
In summary, despite the uptrend and potential of $20m revenue which is baked in the performance rights, the quarterly does not look promising and I still ask the question of not when but if anything will happen.
And with 3 years of promising revenue expectations and misses, questions still remain in my mind if this pivot from automotive superchargers to high performance motors/compressors is the right strategy.
[held]