At the moment, the only real number we have is 1,000 based on the below announcement...
https://www.asx.com.au/asxpdf/20180226/pdf/43rxykm7tt5xly.pdf
Included with “strong global market interest”, “market response overwhelming”.
How this translates to actual numbers will form part of the auditors report I would suggest. I don’t think personally, that they will give us a truer indication prior, based on their penchant to under promise and over deliver.
Coupled with the government backing as an avenue to increase sales channels...
https://www.asx.com.au/asxpdf/20180316/pdf/43sh7gh9q6c0w0.pdf
One has to assume the 1,000 figure has been well and truly surpassed.
The real interest is the ability to use the existing production line negating the need to pay for another.
Their previous produced stock on hand quantity of IQbuds and build of the Boost on existing production lines coupled with a higher margin on the (pre paid) Boost... you would think we are fast approaching cash positive. That and R&D, options conversions, money in the bank etc.
Their announcement on the financial position will tell all. Until then it’s anyones guess.
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