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Message: Re: Q1 results

Feb 16, 2015 04:18PM

Feb 16, 2015 09:30PM

Feb 16, 2015 09:45PM

When I put together all the recent events what I come up with is they are gearing up for mass production. In june they raised money for increased production and automation. In this last financial they spent 1,329,000 on R&D which is much more than usual. In the last few months they hired Andy Ganapathy, Michael Shelton, Maxime Vidricaire in Berlin and a new shipping and receiving lead http://ca.indeed.com/job/shipping-and-receiving-lead-5206a62cb1222596 They seem to be focusing on getting the product delivered on time. There seems to have been an issue in delivery during this period, possibly due to improving production or automation after raising funds in june. There seems to be an implication that the deals overseas are on hold due to having manufacturing only in Canada (India telecoms, Dongfeng and marine in Norway). I feel if they were in dire straits they wouldn't be spending this way, they appear to be getting ready for something big. My opinion only.


Feb 17, 2015 04:24PM
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