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Unfortunately in accounting, you're not able to create your own definition of "cost of goods" as you are ..... and inventory IS a part of the equation. Keep trying because you're rather entertaining ........
"Cost of Goods SOLD is the cost of the goods SOLD, not the goods in inventory."
Sorry, you're wrong again (or else the company needs a new accountant).
Cost of Goods SOLD is the cost of the goods SOLD, not the goods in inventory.
What you're looking at is the company increasing inventory, NOT what their markup is, so why try to distort that picture ? What will you say in early February when the company says they turned their first profit ever for the month ? That they paid $1.00 for a health bar and sold it for .50 cents ? LMAO.
Cost of goods tells you what it costs to purchase (or construct), ship and sell the products. When COGS exceeds sales, you have a problem.
In addition, there are overhead/corporate costs - General and Administrative. Sales must cover those as well for a company to be profitable.
Very few companies have negative gross margins (that's where COGS exceeds merchandise sales). GPDB does. It's not considered good.
Dude, grab a clue, seriously. Cost of goods does NOT tell you what their markup is.
Really, cost of goods sold isn't the costs directly associated with the revenues?
Maybe this will help. http://www.investopedia.com/terms/c/cogs.asp
That's not what it says at all, but keep trying. Their average markup is 41% above their cost.
Not according to their filings.
http://www.otcmarkets.com/financialReportViewer?symbol=GPDB&id=129730
Merchandise sales, net of discounts $ 304,108 $ 737,227 $ 1,119,143 $ 1,996,997
COST OF SALES 443,085 843,919 1,282,699 3,014,619
(Page F-2)
Every dime of capital raised has been at $2.70 and higher. Bill Roberts (President and COO of Geico) is a very sophisticated investor and at some point you're right, as he WILL be laughing all the way to the bank as the largest shareholder of GPDB. The company will most likely turn its first-ever profit this month and there are 45 more members today than there were yesterday as evidenced at the top of the company's website. Educate yourself ......
"Sophisticated investors would laugh at this co's income statements and balance sheet."
That's total B.S., as every product they sell is marked up at least 38% from the wholesale price they pay .......
"Problem is, they're selling products at a loss."
It usually indicates promotion and a pump and dump.
Investment bankers? Buyout? Sophisticated investors would laugh at this co's income statements and balance sheet. It takes a lot to price products below cost. Not too much money looking to fund that business model.
I agree that business model has evolved into dog chasing its tail just to break even.
Volume could be investment bankers or even considerations of buyout.
Anyway, volume like this usually indicates washout of weak hands into stronger.
Urec,
Problem is, they're selling products at a loss. That's OK when you have membership fees to offset the loss (though even in their big membership fee periods, they still lost money due to overhead). But when you pay more for your product than you can sell them for, you have no or small membership revenues and you spend a lot on G&A, it's a disaster.
And when you have almost 10 times as many current liabilities as current assets, with over $10 million working capital deficit, the balance sheet makes it unlikely you're going to see the valuation go UP from $10 million.
GPDB will have another major sales increase for January and make a profit for the first time. Up list also in the near future. A lot going on with this company. Should get back to over 2.00
What is this volume all about?
GPDB Reports Huge increase in December sales, new Initiatives and still No Interest in Stock.
Now That takes some doing! Guess perfection is a tough thing to improve on :)
http://www.greenpolkadotbox.com/#modal-salesgrowth
Do not think so.
Rod Smith has instituted a merchant plan which will add many new customers.
Its success is assured. As to the effect on the stock price is the unknown. But wallstreeters usually reward growth. Besides,I have never seen a CEO more committed.
Stock is back On Sale..
might wait for the 'after-christmas' sale, for further reductions
That's good. They can use all the help they can get.
ZACKs initiates coverage $GPDB with a neutral rating.
Good news is that coverage is increasing even with Zacks.
means that when things improve, good PR comes out... ZACKs will be pushing it out to large subscription base
Membership log: 09-26-14
09-26-14: 4,675
08-30-14: 4,850
08-17-14: 5,015
08-04-14: 5,109
07-20-14: 5,204
06-30-14: 5,341
06-22-14: 5,361
05-27-14: 5,437
05-23-14: 5,248
05-15-14: 5,198
Membership log: 8-30-14
8-30-14: 4,850
08-17-14: 5,015
08-04-14: 5,109
07-20-14: 5,204
06-30-14: 5,341
06-22-14: 5,361
05-27-14: 5,437
05-23-14: 5,248
05-15-14: 5,198
Membership log: 8-17-14
08-17-14: 5,015
08-04-14: 5,109
07-20-14: 5,204
06-30-14: 5,341
06-22-14: 5,361
05-27-14: 5,437
05-23-14: 5,248
05-15-14: 5,198
Fully Reporting and Up Listing to a Major Stock Exchange - in the works.
Green PolkaDot Box Hires CFO and Retains Tanner & Company on Road to Becoming Fully Reporting and Up Listing to a Major Stock Exchange
MOUNT PLEASANT, Utah, July 30, 2014 (GLOBE NEWSWIRE) -- In consequence of recent public notices about the rapid expansion of its national affiliate marketing network and agreements with major trading partners, and pursuant to its public assurances that Green PolkaDot Box Incorporated (OTC:GPDB) "GPDB" or "Company" will become fully reporting in 2014, the Company announces that it has retained Salt Lake City-based Tanner & Company, an independent, regional accounting firm.
In a related move, GPDB has also hired Christopher Foley to act as its full-time CFO and assist Tanner & Company with completion of the audit work and meeting public reporting requirements. Mr. Foley brings over 28 years of diverse business and financial management experience to GPDB after working for several renowned Fortune 100 companies, including General Electric, Johnson & Johnson and American Express Financial Advisors, as well as several large financial institutions including PNC Bank and Zions Bank.
The hiring of Mr. Foley and retention of Tanner & Company is calculated to position the Company to increase shareholder value and liquidity.
GPDB CEO, Rod Smith, commented on the timing of this strategic move: "As we contemplate the positive impact and potential of our new sales and marketing opportunities; diversity of operations into private label, 3PL services; and the production and expansion of Living Produce® it has become imperative that we serve the best interests' of our shareholders by preparing to uplist to a major exchange."
About Green PolkaDot Box
Green PolkaDot Box is America's premier online membership club for organic and non-GMO natural foods at wholesale pricing. The Company leverages proprietary technology and products with its dynamic, interactive website and member relationship management software to provide a unique shopping and membership experience. For more information on Green PolkaDot Box, please visit: www.greenpolkadotbox.com.
Safe Harbor Statement
This release includes forward-looking statements. These forward-looking statements generally can be identified by phrases such as GPDB or its management "believes," "expects," "anticipates," "foresees," "forecasts," "estimates," "Plans" or other words or phrases of similar import. Similarly, statements herein that describe the Company's business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements.
CONTACT: Investors Relations Contact
Rod Smith
CEO/Green PolkaDot Box Incorporated
(801) 787-8835
rsmith@greenpolkadotbox.com
Source: Green PolkaDot Box Incorporated
Disclosure: long 10% of my portfolio GPDB
News: Phase1-Living Product Growing Center Funding Campaign
http://globenewswire.com/news-release/2014/07/22/652411/10090343/en/Green-PolkaDot-Box-Announces-Indiegogo-Crowd-Funding-Campaign-to-Complete-Funding-for-Phase-I-of-Living-Produce-R-Growing-Center.html
MOUNT PLEASANT, Utah, July 22, 2014 (GLOBE NEWSWIRE) -- Green PolkaDot Box Incorporated (OTC:GPDB) "GPDB" or "Company" announced today it has commenced its crowd funding campaign on Indiegogo for the purpose of raising $250,000 or more to complete Phase I of its first Living Produce® Growing Center located in Spring City, Utah. The Company has investors and members who have committed up to $500,000 in matching funding for the Campaign.
The Campaign features a video entitled "Which 3 Billion People will Die, First?" that describes in detail how GPDB's Living Produce® is a solution to the GMO crisis that is growing in America and other parts of the world; it demonstrates why foods using GMO are not essential to feed starving populations around the world; and explains how GPDB's patent-pending growing technology and patented organic fertilizer solution can provide nutrient dense produce for the masses—without the use of GMO, toxic chemicals and pesticides—at a lower cost of production.
Promotional efforts to drive millions of consumers to see the video and participate in the crowd funding offering at Indiegogo are in place with GPDB's more than 1,200 affiliates along with numerous other influential organizations, including NaturalNews.com and TheStockProfiler.com to reach over 100,000,000 potential viewers. GPDB anticipates that the Campaign will also be able to attract new members while securing the crowd-funding goal of $250,000.
What is Living Produce®?
Superior Plant Nutrients: GPDB's proprietary and patent pending growing technology delivers the full spectrum of nutrients required for healthy, sustainable plant growth. Consumers are able to see and taste the difference and view the "specs" (the vitamin/mineral contents of each plant and their respective benefits in promoting a strong, healthy immune system.) GPDB will be the first grower to sell its produce "by spec" (specification), raising the bar for exceptional produce beyond the reach of its competitors.
Living Plants: In most cases, the produce to be offered by GPDB is alive, literally, when harvested and delivered the next day to the commercial customer's place of business. These plants can remain alive for 7-10 days before they begin to deteriorate and lose peak phytonutrient value.
Year-Round Production: GPDB's Living Produce will be grown in "closed" indoor, climate-controlled growing centers, enabling year-round production of favorite varieties and also rare species that are sometimes very hard to get.
Less Environmental Impact: Produce growth with vertical technology requires about only 10% of the land mass normally used for production with less than 95% of the water. But that's not all. With some varieties the growing cycle is only 30-days, meaning that GPDB can get up to 12 times the normal yield of traditionally grown plants. GPDB plans on using low energy cost geothermal heating and cooling systems to minimize environmental impact. Also, because the plants are living when shipped, minimal packaging is required.
Enhanced Food Safety: Because vertical growing can take place in "closed system" greenhouse facilities, GPDB can maintain a sterile growing and handling environment. Unlike with organically grown crops in outdoor environments, we can eliminate plant contamination from animal feces and urine, transfer of feces from human picking and handling, airborne pathogens, and downwind over spray of toxic chemicals, fertilizers and pesticides. Your food supply of fresh harvested produce will be safer than any other source of organic produce.
Organic Hydroponic Fertilizer for Living Produce®
In connection with Living Produce® the Company has developed a water-soluble compound of organic plant nutrients derived from naturally occurring deposits in the earth, including numerous biological species and mineral elements. This compound incorporates the patented, organic product SOLU-PLKS which acts as a functional bridge between minerals and biology to produce soluble nutrients, vitamins, enzymes and many other nutrient-rich compounds that are essential to the life and health of all living organisms. It also contains other major and secondary nutrients--including over 70 trace minerals and beneficial microorganisms--that enable full genetic expression in plants to form structural integrity and produce compounds and metabolites such as carbohydrates, proteins, and lipids (fats and oils). Thousands of secondary metabolites are also formed, fostering a unique, proprietary blend of organic-based components to promote optimal plant health with a comprehensive nutrient profile.
Phase I – Spring City, Utah
The Company has broken ground on Phase I or the "Proof of Concept" phase of a potential 40-acre hydroponic, vertical growing farm. This Living Produce™ Growing Center or "LPGC" site is located a few miles south of Mt. Pleasant, near Spring City, in the heart of Utah. Phase I plans for 7 greenhouse bays (400' x 31.5') including a one-bay processing facility, situated on approximately 2 acres to grow eleven or more super varieties of organic and non-genetically modified Living Produce™. These varieties include various assortments or types of tomatoes, cucumbers, squashes, peppers, lettuces, herbs, beans, peas and strawberries. GPDB management is confident that development of Phase I can be completed and in full harvest for sales within four months of funding.
Phase I is dedicated to grow and harvest a variety of fruits and vegetables—up to 6,000,000 pounds of produce, annually—for distribution to GPDB membership, commercial distributors and restaurants.
About Green PolkaDot Box
Green PolkaDot Box is America's premier online membership club for organic and non-GMO natural foods at wholesale pricing. The Company leverages proprietary technology and products with its dynamic, interactive website and member relationship management software to provide a unique shopping and membership experience. For more information on Green PolkaDot Box, please visit: www.greenpolkadotbox.com.
Safe Harbor Statement
This release includes forward-looking statements. These forward-looking statements generally can be identified by phrases such as GPDB or its management "believes," "expects," "anticipates," "foresees," "forecasts," "estimates," "Plans" or other words or phrases of similar import. Similarly, statements herein that describe the Company's business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements.
Investors Relations Contact
Rod Smith
CEO/Green PolkaDot Box Incorporated
(801) 787-8835
- See more at: http://globenewswire.com/news-release/2014/07/22/652411/10090343/en/Green-PolkaDot-Box-Announces-Indiegogo-Crowd-Funding-Campaign-to-Complete-Funding-for-Phase-I-of-Living-Produce-R-Growing-Center.html#sthash.GAzheGp3.dpuf
Membership log: 7-20-14
7-20-14: 5,204
6-30-14: 5,341
6-22-14: 5,361
5-27-14: 5,437
5-23-14: 5,248
5-15-14: 5,198
The daily drop in memberships is a big concern for me. They have over 1000 marketing partners that get 15.00 per new member that they bring in and the memberships keep falling daily. doesn't seam right to me. IMO
According to the company. They plan on having about 50 items on Amazon within the next 2 weeks.
I think it's trial memberships they give out for sine first orders. after a month or something these trial memberships expire?
at any rate the number drop is very very small.
It is nice news. but why does their membership go down every day?
Mount Pleasant, Utah? Weird stuff...coulda at least gone the Spring City artsy route.
Crazy times...maybe I'll pop in next time I'm passing through to golf Palisade.
Better yet- is CEO a golfer?
Nice news on affiliates
https://finance.yahoo.com/news/green-polkadot-box-passes-milestone-155657078.html
They're applying for a non-dilutive loan from either the Utah Farm Service Agency or USDA, probably a 1% interest rate ......
"do u have a feel for how they're going to finance the build-out of their growing/manufacturing facility?"
good stuff joe...looks like exciting future ahead.
do u have a feel for how they're going to finance the build-out of their growing/manufacturing facility?
Great article JoeN
New Seeking Alpha article just out .....
http://seekingalpha.com/article/2304955-amazon-com-deal-with-green-polkadot-box-sets-the-stage-for-eventual-buyout
ok good, so looks like fixed-price conversions.
Thank you, looking forward to it..
I interviewed the CEO last night and I submitted a new Seeking Alpha article based on the interview. It should be published sometime today.
Partnership deal almost as good as buyout
I guess I was wondering if it was equity, convertible debt. or preferred
All money that's been raised was at $2.70 and higher. The President of Geico Insurance is the largest shareholder and financier. I point out in my recent SA article that if nothing improved over the course of the year sales wise, dilutive effect would still only be 4%, but with this Amazon deal, I expect sales to boom .......
"what is the nature of the recent financings?"{/b]
good volume today. looks like some sellers took the nice 20%+pop to exit. expect the stock to start building higher from here.
i haven't followed the stock until now. what is the nature of the recent financings?
With Amazon contacting GPDB, I think this all leads to an eventual buyout once the Living Produce Growing Center is up and running. If GPDB initially contacted Amazon, I wouldn't be as excited, but I think Amazon sees this as possibly the new Amazon Fresh model going forward. This news is much much bigger than I expected, at least this early in the game. I'll bet tomorrow's gapper is bigger than today's. News won't be seen by many until this evening after it pops up on a lot of scanners.
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Green PolkaDot Box (GPDB) is America's premier online membership club for organic and natural foods at wholesale pricing. It is the only major online store that refuses to carry any products or ingredients containing Genetically Modified Organisms (GMO). GPDB leverages proprietary technology with its dynamic, interactive website and member relationship management software to provide a unique shopping and membership experience.
GPDB is an online based membership organization offering natural and organic foods. This family-owned and envisioned business is driven by a huge dream. Their mission is to provide everyone with access to organic, clean foods and products at the lowest possible price, thereby eliminating food deserts across the nation.
The Green PolkaDot Box ships all guaranteed GMO-free foods and products (including: organic produce, refrigerated and frozen foods and dry goods) directly to your front door in, of course, a green polkadot box. Their goal is to become the nation's largest and most influential buying club that can help educate the public about diet and disease, motivating grass-root changes that will ripple to affect both the food and health industry at large.
20,000 member families strong, with membership growing daily. GPDB the WHOLE FOODS, AMAZON and COSTCO for NON GMO / Organic Products online.
Visit: Greenpolkadotbox.com and sign up today for a trial membership http://www,greenpolkadotbox.com
FINANCIAL SUMMARY 2/20/13 EXECUTIVE MANAGEMENT
OTC: GPDB Rod A. Smith, C.E.O.
Market Cap: $ 23.4 M
Recent Price: $ 2.75 BOARD OF DIRECTORS
Shares Outstanding: 10,909,331 Rod A. Smith, Chairman
Public Float: 130,000 William (Bill) Roberts, Director
Insiders Holding: 30 % Andrew Smith, Director
Revenue 2012: $ 2,328,114
Number of Employees 35
Fiscal Year End: December 31
Benefits of Membership Members can shop by their dietary requirements and choose shelf-stable packaged goods, frozen and fresh grocery items-including meats, fish, dairy, breads and freshly harvested organic produce. Orders are shipped FREE to the members' door at home or work with minimum orders. (See member submitted video below). GPDB is positioned to become the next online giant, expecting early stage growth that is comparable to that of COSTCO, AMAZON and other online niche merchandisers.
Market Size: Proven Trends Driven by consumer choice, the U.S. organic industry, alone, grew by 9.5% in 2011 to reach $31.5 billion in sales. (Source: the Organic Trade Association's (OTA's) 2012 Organic Industry Survey.) The growth in consumer demand in the organic food sector contrasts sharply with the less than one percent annual growth in the $630 billion U.S. traditional food market. Increasing popularity of "clean" foods and consistent growth, annually, in consumer purchases of those foods over the past decade suggest that demand will continue to increase, sharply.
56 million U.S. consumers' demand for healthy foods is expected to grow 18% annually, from $150 billion in 2013 to one-half trillion dollars, by the end of this decade. Online shopping is forecasted to exceed $300 billion annually by 2015. Membership Clubs like COSTCO, Sam's Club and BJ's have over 100 million adult members. GPDB is positioned at the center of these megatrends. There is no question that the marketplace will continue to embrace the ONLY online buying club for organic and non-GMO natural foods. GPDB has proven it can acquire membership rapidly from among the more than 16 million frequent consumers of organic and non-GMO natural foods.
Sales Results GPDB started shipping, nationally, on December 22nd, 2011. Registered membership is over 17,600 (over 3,000 paid). Sales in January 2013 were over $413,000, up by 45% over December 2012 sales. The average member spends $121 per order. But as the Company expands its product line sales are expected to reach approximately $2,000 per year, per member.
Marketing Strategy The company has formed many strategic marketing alliances with organizations such as: The Organic Consumers Association, Natural News, The Institute for Responsible Technology, The Hippocrates Institute, The National Health and Wellness Club, Natural Solutions Foundation, Mission Possible Group, MaryJane's Farm and others. These alliances, combined, have reach to more than 5 million consumers who are aligned with GPDB's mission. They are using their influence to promote their constituents to Green PolkaDot Box.
GPDB used a proprietary, word-of-mouth incentive marketing plan called PolkaDot Rewards to encourage members and affinity partners to promote and attract new membership, averaging monthly growth rate of 10% compounded. Effective marketing methods, including a social marketing platform Member Builder, direct-response advertising, and search engine optimization (SEO) are increasing website traffic and membership conversions accelerated growth rate. Company management is projecting the rate of growth in membership and sales to increase to more than 21% per month, compounded.
CORPORATE HEADQUARTERS
Green PolkaDot Box
629 E. Quality Drive #Suite 103
American Fork, UT 84003
Phone: 801-478-2500
Website: greenpolkadotbox.com
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