With a caveat that these preliminary results are not yet final, we are conservatively estimating a market penetration rate of nearly 60% in our home market of mainland China, on the back of a wildly successful viral marketing campaign. —#coronavirus CEO, 1Q20 prelim results call
We are now guiding towards our goal of 80% penetration by the end of the quarter ending June 30, rather than December 31 as we last reported.
Worldwide, we continue to push into new markets and are expecting similar rates of uptake as we piggyback on widespread unsanitary human habits and the general lack of care and consideration for others in public spaces.
To that end, we are looking to catapult into several new regions including South America, Antarctica, and the island from Lost with 50% penetration by the end of FY20.
Cruises, in particular, have proven to be the most effective incubator, as our designers projected. Our business development group is hard at work, partnering with cruise lines to continue offering steep discounts to entice demand.
Given the faster-than-anticipated conversion rate, we are also exploring the possibility of an equity offering sometime in the last quarter in order to formally launch our product currently in test mode, Community-Transmitted COVID-19.
Moreover, we want to be prepared with plenty of dry powder to explore our inorganic growth prospects, via organizations that may refuse to cower to public health mandates in the face of a global pandemic.
More specifically, we are planning to bribe the organizers of the Summer Olympics, Coachella, and other festival-type mass gatherings. We have retained the services of Jerry Media to further explore this growth opportunity.
Given our incredible momentum and fortress balance sheet, some may view the cash raise as premature. However, we wanted to reward our early investors, Purell, 3M, Top Ramen, and Vladimir Putin, with the option of cashing out.
They believed in us when no one else did, when the markets were peaking, and no one wanted to give us a chance to bring it all down. This early return is our way of thanking our biggest believers.
Finally, we would like to thank our grassroots supporters, who brought us to the world forefront: utter disregard for our fellow humans and folks who don’t wash their hands with soap.
We will have more for you when we formally publish 1Q20 results.
We will have more for you when we formally publish 1Q20 results.
