What I read was China sales ramping up to a minimum of 120,000 gallons per month by the end of 2009. At a $50 ASP that equates to annualized sales of $6 Million per month by years end or minumim annulaized sales in China of $60 million for 2010. I will reserve my enthusiam until I see actual evidence reflected in the company's financials that these sales volumes are really ramping up.
This is arguably EXOU's most important news release to date as it speaks to meaningful volumes of actual shipments and goods heading out the door to customers...subject to verification of course. Yet, we traded about 22,000 shares yesterday and only 42,000 to the downside so far today.
Where is the coordination between the IR guys and the new releases? Where is the market making? Where are the buyers? Is the news getting out? Does IRG have any credibility? Is there any sort of plan? Would appreciate it if the insiders frequenting this board would address these obvious short-comings. The lack of upside activity in the market since the press release is telling. Minor league players managing a major league opportunity? Should be trading much higher on the news.
Oh yeah, the metric ton reference in the press release...plain stupid and meaningless to most.
Other than that. Everythings great.
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