FYI, I believe they should be selling more, I want them to succeed, I have used some products with great success.... But I look at numbers, unfortunately I bought in way too high, Whne there was great potential as well, and I cannot try to recoup the loss after so many quarters of disappointment.
I don't have to prove if the products sell, look at the numbers.
284k sold as of march 31 10q, 200k as of June 30.
THis is a run rate of 800k, but going in the wrong direction.
Even at a Market cap of 1X sales this gives a stock price of .0004 if they could make money on these sales. They are out of money, and losing money every day, as of the last 10q.
If you look at it from a company/product depth perspective
Surgex
OmEssentials
Bikini Ready
SlimTrim
Muscle Maker Grill (only in 50 outlets)
Vitamin Whey (new)
Each line with multiple formulations, applications, uses.
They are in a large number of stores, they used to say close to 15,000 retail stores (not sure if they are in Walgreens anymore after MSE) and many online retailers as well as their own website.
When you look at total sales per day, $2200, spread over at least 4 brands last quarter, 550per day per brand. Even at 1000 outlets that is 55 cents per day, per outlet per product. at 10,000 outlets is it 5 cents per day. Even at a highly discounted wholesale price, I do not see a lot of restocking! If they are to survive they need to show sales growth, not continued declines. I hope I see improvement, but missing the deadline does not make me feel good. If they do show growth I will buy more, otherwise I will sit and watch it sink. A company this small with potential should be showing 50-200% growth per quarter.
But then again, it looks like most people buying here (on this board) are not looking for a rebound in the company, just a bounce in the stock price, and I get that. But it is a gamble.
