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Wednesday, October 28, 2015 1:29:19 PM
But even if it were, selling +/-$850k of dolls with an unknown margin (history shows ZERO margin on all of their other products) after factoring in the following simply does not bode well for the stock price as we wait on the next round of financials to come out in the next 2-3 weeks:
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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