Friday, September 05, 2014 3:19:05 PM
Ok. You have 36,000 empty bottles. Fill em', ship em' sell em'. We'll even say they get $28 a bottle retail. Margin is a reported 47%. That's $473K in gross margin. At 30% operating margin that's $142,000 in net profit against 570 MILLION shares undiluted. We already know they're way over the 30% operating margins but we'll ignore that for now. Earnings on those 36,000 bottles comes to $.0002 per share. That doesn't sound very good. Even at a 20X multiple it's a PPS of $.004. Just the facts. And expenses are going to wipe that out anyway not to mention $2 million is outstanding debt already on the books. I'm not sure how anyone is seeing this as working out to anything other than total financial disaster. The numbers are right in front of us. For some reason certain traders out there don't want to believe them? They're simple facts.
14 or 15 retail locations all within 100 miles of each other. A couple scattered special order mail order schlock distributors. Where all this revenue is coming from I just don't know but it certainly sounds like a pipe dream and all hype.
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