While I wait for good new from CBD I have a few things that are bothering me.
1. CN you say SURGEX and MSE are doing very well? Where is the evidence? If I recall correctly, Q4 sales are the same as last years q4 (%571). IF Surgex and MSE are growing then other brands are sinking.
2. with 20,000 retail outlets and revenue of $570k for the quarter, that is $30 per outlet per quarter, IF you assume 33% online sales, it is only $20 per outlet per quarter. This sounds very low, less than a bottle of pills per week. (
maybe this is good?, I have never worked in this industry.)
3. They seem to be able to sell into the retail stores. But a PR saying they are selling Bikini Ready in South Dakota? Really? selling snow to the eskimos? Made me smile.
The good news is there are not many alternatives to CBD, and we do seem to be far more legit than the others. But we need to get distribution up quickly. I hope they have cash for this. These deals seem like they are locked in to more deals in the future. If I read correctly, they cannot raise money from other sources, in a non userous fashion, while there are converibles still outstanding. Am I correct here?
Tired of waiting, but at least first quarter is over, hopefully, the YE Financials will at least comment of first quarter revenue since the quarter is over.
