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Monday, September 21, 2015 2:30:58 PM
Assuming the Tonner Agreement (not a partnership who would share in costs/debts) was in place in time for his cut, take 5% off of the gross purchase orders and you have about $808k left before cost of sales. Giving OWOO a generous estimated gross margin per doll of 30% (note ALL sales since inception of the company have yet to turn ANY margin), you have a gross margin of $242k.
Now start subtracting:
Projected Interest Expense for 2015 = $2.2 million
Project G&A for 2015 = $0.9 million
Lawsuits = $0.8 million
Working Capital Deficit = $24.3 million
Accumulted deficit = $35.8 million
More derivative losses
No cash
Forward looking statement from the Company: "We believe that our operating expenses will increase over the next 12 months and estimate that our capital requirements for the next 12 months will exceed $1.5 million.
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