WOW, THIS WAS HUGE, THIS IS A FRIENDLY COUNTRY FOR US TO DO BUSINESS IN AS WELL!!!! HOLY POOP WHAT A GREAT COUPLE OF TRANSACTIONS FOR ZBB THE LAST COUPLE OF WEEKS!!! A GLOBAL FOOTPRINT DEVELOPING HERE???
Check out their parent company.
They could not only leverage zbb's tech. to the korean and asian smart grids
but also within their conglomorate....hotels, industrial power, commercial/bigbox retail, food/beverage manufacturing..........
Lotte/Honam see the benefits to their oraganization and operations.
$3 million initially.......peanuts....Eaton should pony up more..........now.
Laoma, Do you have a position in ZBB at this point or still on sidelines?
I can't say I'm beyond selling the news. We will see if today is equity day.
It seems with this deal ZBB is entering the realm of having R&D as well as manufacturing done overseas. Sadly enough, they may not need that Wisconsin factory floor in the future.
Incidentally, given your Chinese experience, what can you say about reducing manufacturing and engineering labor when in Asia?
I have an S-corp in the States and hire up to 20 people in the summer and its surprising how much all those payroll taxes, workman's comp, etc inflate the payroll. Any such payroll surcharges in China? I guess if you paying someone $1/hour it wouldn't really have an impact even if there were such fees.
The stock value wise is an easy double from this level...we'll see if the resistance hits at 1.26 and they continue to try and hold it down. Would love to see it at 2.50 to 3.00, do a 2 million share tranche and raise an additional 5 to 6 million along with this money and be good on cash the rest of the year.
If I swore it wouldn't have showed up on the dumb message board....If I was using choice words a few F bombs would have preceeded it...lol. Even though they won't get any Royalty fees in South Korea for Honan selling it, this will further develop the product to get better kw/h and make it a global product that you have to have with AE. WOW, what a couple of big transactions for this company in the course of 2 weeks. This also minimizes some of the dilution with TIER being cash flow positive and this money coming in quarterly.... I hope MR. market wakes up and sends this back toward 3 at this point.