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Re: Homebrew post# 112362

Sunday, 09/04/2016 11:17:26 PM

Sunday, September 04, 2016 11:17:26 PM

Post# of 234272
Here are NXGH projected revenues for the next 5 years, as disclosed in a 8-K this January:
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11110735


I'm still not sure what's their product, but they intent to operate with very heavy losses for several years, with a break-even in 2019. Very high salaries, very high marketing costs, low profit margin.

Projected revenues are $3.2M, $8.3M, $19.2M, $43.1M, $86M for 2016 to 2020.

In 2016, they intend to spend $4.5M in marketing to sell $3.2M of products, ramping up to $21M of annual marketing expenses.

Salaries are supposed to reach $11M a year, are they planning to hire 500 people ?

You'll notice that revenues are planned to double every single year, a very chancy proposition.

I cannot begin to imagine how they plan to finance such a demented business plan.

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