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Wednesday, August 20, 2014 11:21:00 PM
I think some of you are losing perspective of what the purpose of the Hanover note was for. It was taken on to expand the company and produce more revenues...
Through June 30th:
380k cash on hand
640k receivables
890k in inventory ( at roughly a 50% profit margin that can hypothetically translate to 890k X 1.5 + 1.78 mil )
Some of the additional expenses last quarter:
Start up fees for 3 Brick & Mortar stores and 1 mall Kiosk
Free trials for their direct marketing mail order w/ reoccurring delivery strategy ( this is already set up on www.totalvapor.com & with the customer list that they got from american smoke this should be effective for this quarter ) below is a pic of some of those trials and orders being mailed
To keep this in perspective is important because it should pay dividends rev&profit wise immediately .
With the above mentioned stats off the Q i believe a chunk of the Hanover note will be paid soon. You can do stuff like that when you make the kind of cash VPOR does. VPOR knew exactly what they were doing when they took out the note. They knew the type of return & expansion they could capitalize on with it. It is already starting to reflect #'s wise based on the data from the Q. So whether y'all like it or not this company is executing their plans to a "T" . looking forward to Q3 Q4 and beyond.
Know what you own.
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