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Wednesday, September 23, 2015 9:41:42 AM
Now factor in Walmart's cut (assume 10%), Tonner's potential cut (5%), cost of sales (assume 70% of sales price - more than generous considering history shows that cost of sales is at 100%) and you end up with a gross margin of only $178k.
Now start subtracting the hard cash that is heading out the door:
Projected Interest Expense for 2015 = $2.2 million
Project G&A for 2015 = $0.9 million
Lawsuits/Settlements/Judgments = $0.8 million
Working Capital Deficit = $24.3 million
Accumulated deficit = $35.8 million
More derivative losses
No cash to fund ongoing operations/production
Also of note from the latest financials: "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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