Sunday, August 02, 2015 10:18:35 AM
Last filing on March showed IVXX was an asset on the balance sheet at the tune of 794,000 after only 90 days of operation. At that time they had a distribution line of only 5 dispensaries. Now they have over 30 dispensaries. Common sense says that asset is improving.
Since last filing EG has added almost 500 stores to their distribution and or a 50% increase in customer base coupled with an increase in gross margin from .02 to .30%. Common sense says their numbers will have improved as well as future guidance.
Since last filing EG was given 300,000 dollar grant at a rate of 21,000 a month for the next nine months. Common sense says that should improve the bottom line.
The last filing showed total liabilites had been reduced by 50% since Sept of 2014 (5 million dollars) Common sense says share dilution is over.
I yield to your due diligence.
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