All operational activities are being handled by ICE+JAM, including order fulfillment. The shipping location is Cleveland. The price to ship a single $5.00 tube of lip goop is $3.77, which could put a damper on the purchases!
If ICE+JAM is handling all of the operational functions, what is TAUG's role?
The more this evolves, plus "connecting the dots", it seems TAUG advanced ICE+JAM some money to finish the formulation and labeling. In return TAUG will receive 50% of ANY profits! What a deal! Since revenue (sales dollars) have NEVER been addressed, it seems ICE+JAM is receiving 100% of the sales credit! This being the case, any impact on TAUG's income statement will be meager at best!
It is too bad investors have to "GUESS" what's going on! Seth Shaw should have filed the ICE+JAM NON-EXCLUSIVE License Agreement, attaching it to a SEC Form 8-K! IMO...the Agreement is probably too one-sided and embarrassing for Shaw to make public! Nice transparency for the shareholders Seth! Unfortunately everyone has to speculate about some very basic investor information!
Let's start with..."Will TAUG recognize any revenues from the lip goop sales?" If yes, got any proof?