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Friday, December 11, 2015 10:48:03 AM
When I did the interview with Paul there was a question about how the financials should be recorded for the overseas partners. They had been ordering products from Vitacig US which then placed orders with the manufacturer. It seemed it might be more efficient if the partners could order direct from the factory but this would require different accounting. This issue would be amplified with new product offerings so I suspect they need to either negotiate a royalty arrangement or some other mechanism for VitaCig US to be properly compensated as well as new commission structuresfor the new product lines. With new products, it would seem Paul has the leverage here which he may not have had for just VitaStiks.
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