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13/04/18
17:54
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Originally posted by nortamors
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This quarter may be fine, it does depend on a few moving parts, however I note that the company never said we have 1000 pre orders , they said they have almost 1000 "pre registrations" to pre order, so who knows what their conversion rate is (unless I have missed something more solid from company)? I know from anything I've done in sales which has been extensive , it's been nowhere near 100% from interested to sale. They may need the cash by the end of the 2nd Q (which is what 10 weeks away?) so we are almost splitting hairs? I think that the management are astute in all areas and I hope they never need to raise anything, but for me these guys aren't the the type to wait until they are down to bottom of the barrel trying to scrape through, especially if they gain momentum between now and the end of the month
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Imo it doesnt matter whether the conversion of consumer pre-registration interest was 100, 500 or 2000.
What matters is how many each of the retailers want to stock initially.
If its 5 each, thats say 10,000.
If its 10 each or 20 each then... you get the idea!
The point of the preregistrations was simply to demonatrate the high level of interest early in the piece.