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Post# of 290030
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Art Vandeley

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Art Vandeley

Re: Magnum7419 post# 123165

Sunday, 05/17/2015 5:45:00 PM

Sunday, May 17, 2015 5:45:00 PM

Post# of 290030
Even with those "healthy margins" (23%)... IVXX, LLC lost $168,809. Sad.

Page 19
Cannabis revenue $304,025
Cost of Goods Sold $246,545
Gross profit $57,480
Selling and General Administration Expense $226,289
Loss from operations $168,809



http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10706416

"During the quarter we were able to introduce our cannabis concentrates which carried with them healthy margins and we have been able to reduce our operating costs at EG which also added to the improvement




And they reduced operating costs at EG by shifting them to SG&A.....


All
posts are only my opinion. Please do your own DD. I am not
professional analyst nor do I play one on TV.

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Volume:
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  • 6M
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  • 5Y
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