Castle Brands Board (ROX)

[FUNMAN]

ROX updated investor presentation.

http://investor.castlebrandsinc.com/secfiling.cfm?filingID=1144204-16-113251&CIK=1311538

Once again, insider owner commitment stands at 43%. Page 25.

ROX narrowed the Premium Brand Portfolio in the investor presentation. Page 8

Jefferson's moved up to #4 in Top Small Batch Bourbons. The leap to #3 requires almost a case sales double. That's going to be a high hurdle.

Note Jefferson's Barrel Display on page 12. Looks nice. Would like to see it in my local liquor supermarket. It would definitely boost sales.

Glad to see the first bullet point on page 14. Provide for longer-term bourbon and rye supplies through new-fill programs.

Goslings Marketing on page 18; they are expanding their presence.

Goslings Ginger Beer sales are growing like crazy on page 20.

A nod to Someconcerns is on page 21. They are relaunching the Gold Rum as Gosling Gold Seal. I bet we'll start to see it more prevalently.

Someone else on the board noted concerns about obsolete inventory. Here is my take:

Allowance for doubtful accounts has greatly diminished since 2014 when revenues first jumped "big-time". Page "A"

Allowance for obsolete inventory dropped from last year, and I expect will continue to drop since ROX narrowed the Premium Brand Portfolio on page 8. It reads as if the write offs came from the previously phased out lines, lines to be phased out, or lines they simply don't care about i.e. Tierias Tequila, Gozio Amaretto, Castello Mio sambuca, Travis Hasse’s Original Pie liqueurs, and the Wine brands. To me this appears to narrow their focus on higher profit products, and to clean up their "junk" porfolio for a potential buyout. Page "A"