Those Seesmart lamps replace 32-45w T8 Fluorescent bulbs and what do they cost, a few bucks each. We are not talking about a few million dollars here That is a small contract that people think is far bigger than it is. This stock will be under 3 this week.
These lights now sell for $40.00 to $80.00 each. This is more than a few bucks!
O.K lets say they are at the high end of your guess. A 20% profit on a $80 LED tube would be $16 bucks times 17K units equals $272,000 dollars. Wow, that's a BIG WIN for sure. I don't know why RVLT wouldn't want to party on such a huge win. The PPS should be $5 by the end of the week ! No wonder they don't state money amounts in their press release.
I think the value of the bulbs is more than a few bucks, but not as much as $100 each. This contract might be worth as much as a $million and was not given to RVLT but to a minority owned business representing RVLT.
They cost a lot more than a few bucks. The "big deal" is that they are getting Gov't contracts for lighting. This confirms that CEO LaPenta still has his inroads to the Federal Gov't for procurement. Getting Gov't contracts for lighting is HUGE. This is just the start of much more in sales to Federal Gov't. The whole military will be buying LED lighting for all installations. You are a fool if you can't see the big picture!
They cost a lot more than a few bucks. The "big deal" is that they are getting Gov't contracts for lighting.
Gee, I wonder why no dollar amount was stated with that news release ! If this was such a "BIG DEAL" there would be a dollar amount IN THE SPIN !
Maybe the shorts are going to run with this and pump it up so they can short it at an overvalued PPS . There are alot of stocks out there that have these great news releases but don't give the name of the company the sales went to or the amount of money of those sales. Think about it 17K of anything sounds great but the dollar amount is the true measure of what is a great deal.