Marley Coffee kiosks are exceeding their sales projections.
AVT has released a statement that the Marley Coffee kiosks they have put into operation have been exceeding the sales projections. Yes the numbers were "made up", but it turns out that the projection was too conservative. AVT will have more than 1,000 of these machines in operation by the end of this year.
Their projection was $1M in annual revenues to Marley Coffee for every 300 machines but it turns out that number will be higher. Just the kiosks on the market in 5 months will be generating more than $3.3M.
There will be thousands more Marley Coffee kiosks added next year too.
Sweet. It is starting to seem like daily I change my price target for when to sell this stock. All the chasers and big investors will do what they do and wait until after success to invest. By then, all us initial investors will be moving on to the next big hit. Lovely how it works.