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Tuesday, July 01, 2014 11:24:58 AM
The company has shipped 1600 cases of vodka that we know of in the last six months and mor likely since 2009 but let's just look at this year. Those cases represent gross sales of only $217,000 while expenses are easily double that over the same period. There's red ink galore and more debt than when they went belly up last time in 2010 and may I add around half the sales claimed in 2009 and so far no other shipments on the horizon. My question is how anyone is objectively valuing the company? There's no other data or basis for guidance other than what's been shipped and sold. Even If they've sold it all as they claim and had zero expenses the PPS value is still $.004 at 100X earnings making the current price 500X before expenses. In all reality you simply need to go back and look at the recent financials they published to see just what bad shape this company is in and not rationalize management's softening of the blow prior thereto along with delusional sales claims. And just so you know, Costco and most distributors will provide weekly sell through numbers to the vendor so. I'm sure management knows exactly what has sold through. The fact they haven't said anything is nothing but bad news. Regardless, they should have solid confirmed sales numbers by next week and if they don't report, it's not good news. Bank of it.
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