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Thursday, May 21, 2015 9:01:08 AM
1st quarter 2014 = $2293
1st quarter 2015 = $739 - a drop of 68% - this is AFTER getting Walmart.com, Toys R US, HEB, Fiesta, etc... and after their much ballyhoo'd "success" at Toy Fair 2015
The "good" news on those paltry sales is that they only lost $329 on that effort....
Regarding Trent's statement that he has created his "Million Dollar" in sales - the tally is now up to $130,808 since inception thru March 31 (according to the 10Q filed on May 19) - which means that when he made that statement 2 weeks earlier on May 1, he has either made a whopping $869,192 in sales in the month of April, or he is lying. We will know soon enough when the next 10Q is released which will cover April.
Regarding the "BIG, BIG" news, I suspect we have already seen it (the 10Q) - the current outstanding share is reported at 276 million, plus an additional 24 million issued subsequently to the report - putting us at 300 million - almost another 20% increase just since the 1st of the year.
The potential convertible shares topped 2.048 Billion (yes, with a "B"), increasing another 148 million since the last report.
However, the most alarming "Big, Big" news is the working capital deficit (the immediate cash needs to run the company) - it grew from just over $6 million at the end of 2014 to a whopping $16.8 million at the end of March - in other words they are literally bleeding money to the tune of $10.8 million increase for the quarter.
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