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Monday, July 27, 2015 8:21:26 AM
Gross Profit went from $-507,000 to $-123,000, while the 2 previous quarters showed $123,000 and $148,000 respectively.
Net Income went from $-12,137,000 to $-514,000
As stated in the Letter to Shareholders, for this recent quarter, Avanzar was in off season, while VitaminFIZZ increased its sales and distribution in the market, to offset Avanzar's seasonal weakness.
What has been done substantially in the past 4 quarters? I think it pretty dang obvious. Increased Net Income to Common Shareholders by almost $12,000,000
While buying a 75% stake in our major distributor and a 10% stake in the product line we sell.
At the same time expanded into the whole Western U.S Market, NYC and London, England. These population density rich markets aren't by accident.
Pretty dang AWESOME for a company with a product line less than a year old, by any beverage standard.
Where will we be in the next 12 months, IDK, but one thing I do know, MINE will continue to expand at the rapid pace it has already shown to encompass more markets in the U.S. AND OVERSEAS.
Chairman and CEO Scott Vanis has never failed the Shareholders, ever.
FYI-Friday is end of quarter and end of year, so prepare...
http://www.otcmarkets.com/stock/MINE/financials#
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