The Aristocrat Group Corp (ASCC)

[Voices of Reason]

"Voices does this sound any better?" - no. Despite "winning" numerous awards for "best in class", the sales figures continue to decline.

Current Quarter Gross Revenue = $3801 (or about 10 cases of vodka per month) - resulting in a profit of a meager $1328 before taking into account the staggering costs to run this one man show - $231k in G&A for just 3 months.

The sales continue to decline from the previous quarter's paltry sales of $7592, while the remaining inventory continues to appear to be siphoned off for "freebies" (i.e. promotion) - the inventory shrank from $70k to $45k during the latest quarter while the cost of goods for what they sold was only $2473. In other words, for every 1 bottle they sell at Specs and other retail outlets, the company is apparently giving away another 10 bottles of inventory for free.

Even if they are successful in marketing the remaining $44,607 in inventory, the gross profit would only be about $16k (based on current quarterly results - 35% margin). That barely makes a dent in the quarterly G&A burn, nor would it even begin to eat into the $1.4 million accumulated deficit. And of course, presuming one were to sell out of inventory, then you would need to go purchase more inventory to replenish.