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Re: IceQueen post# 47724

Friday, 11/07/2014 5:25:43 PM

Friday, November 07, 2014 5:25:43 PM

Post# of 112759
According to their last quarterly financials for their 1st fiscal quarter (May 1 thru July 31) their profit margin was about 54% and this was before they increased the price of VCIGs from $2 to $5 and the price of MCIGs from $10 to $15. The $350,000 was payment for their first purchase order (revenue). Consequently, they should have made at least $125,000+ in profit off that one PO alone.

What a lot of people don't understand is that MCIG is positioned to be a global company. I keep hearing about all of the competition. That may be true in the US market but a lot of other markets around the world are virtually untapped.

Les

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