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Thursday, May 26, 2016 2:06:28 PM
Trey states ..."As I've mentioned before, new big box chain orders and reorders, clearly speak to our brand's growth potential." - HUH? Don't think I have EVER seen Trey quoted in any other press release - when exactly has he "mentioned before"? Besides Walmart, who are the other "Big Box Retailers"?
Melton concluded, "We are pleased to receive new orders and reorders from the big box chains, and we will continue to increase our sales revenues through the rollout of a comprehensive marketing program." - TOO funny! If you are a new investor, you are probably shaking your head as to who is "Melton"? from the context of the quotes, Trey was the one talking - is "Melton" Trey's new nickname?
On another note as I have "mentioned before", the one million dollar in sales comes at the expense of:
$1 million plus of interest and penalties for non-performance on delinquent notes (reference lawsuit judgements that are STILL not paid off)
$1.7 million in cash to fund operations in 2015
$6.85 million in total liabilities (not including derivative liability)
Selling a meager $12,193 (“the big box 2nd Walmart order”) on cost of sales of $229,787, resulting in a gross loss for the 4th quarter of $217,594 on doll sales
$174k in interest expense
Subsequent to March 31, issuing yet another 10 million plus shares at $0.0010/share (more than 50% off market value)
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