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Tuesday, April 29, 2014 8:54:28 AM
Assuming the company paid in shares instead of cash, the $7000 promo campaign just identified in my previous post - at the current stock price of $0.0502 would amount to shelling out 243,174 (non-discounted) shares as an in-kind payment (about 5 times the daily shares traded).
Putting it another way....OWOO's entire gross profit for 4th quarter was about $4000 on the sale of an estimated 1000 dolls. Let's hope the recent HEB promo sold out at least 1750 dolls at the same gross profit margin to break even on the newsletter promos.....
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