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Friday, January 14, 2011 12:23:51 PM
In order to break even, they'll need to sell about $4.6 million of Rheingold in a quarter. Where will they get the money to produce that quantity? What will the interest cost be if they can get the money? What if they don't reduce expenses? What if they can't increase gross margins?
Good luck, but you could be selling cures for cancer, but if it costs you more to produce than you can sell it for, or you can only produce enough to cover 10% of your overhead, you're in trouble.
And this doesn't even take into account the equity issues, like dilution, preferred A, B and C, and the large liability balance on the balance sheet.
The only thing necessary for the triumph of evil is for good men to do nothing.
EDMUND BURKE (and others)
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