Tuesday, February 23, 2016 4:05:28 AM
1. There are 5 billion NSPT stocks outstanding giving the company an equity of $500k.
2. Yahoo shows that the company has debt of $544k.
3. Mr. Roy and Mr. Fortier need to get payed.
4. I do not see Newron skates being sold anywhere that is significant (Amazon, Walmart, Big5 etc.).
So the question is:
How many skates do they need to sell in order to cover debt and expansion/manufacturing expenses, pay salaries and create investor value of 1 million dollars (stock rise by 0.0001)?
If we assume they can make a profit of $20 for each set of skates we are talking of a minimum of 75,000 sets.
All in all, the demonstration may be impressive but the whole project is highly unlikeable to make us a profit.
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