Epoxy Inc. (fka EPXY)

[Black Beerd]

"high time for CEO action"

The "high time" should have happened at least 2yrs ago. Now the money is gone and there isn't any solid ground that this company can stand on. Diamond Dave's options have sunk into the pinky quicksand...what kind of action ...without money or a sustainable rev stream do you think this inept CEO can take? What I see is not good for the shareholder. Options he has are ugly but fit the typical pinky profile. My money is on a massive R/S and then fast forward to wash rinse and repeat cycle.

without cash he can't catch a cold much less talk any idiot into a commission on a monsterous 50.00 sale.

Lets make these assumptions
A. cost of a subscription is 50.00 with no contract (silly)

B. A proposed planned commission rate to lure independent reps at 10% which equals $5.00 comm. on each sale.

c. There are no territorial sales to pass on to any sales rep to help get a start. Safe to say given there aren't enough sales to pay overhead now much less DD giving 10% in addition...besides they are mostly reported in NV.

D. Lets speculate that a rep can make 5-6 calls a day to include travel time between calls.

So....If the rep makes a sell on every call btw...this would have to be his only line to sell given the time and travel constraints.

That comes to 50.00 x 6 = 300.00

300.00 x 10% (high comm rate) = 30.00

I suspect it will take 20.00 a day in gas say nothing of depreciation.

Meals parking hotel = 100.0 a day or lets say a week. Give the guy a break right?

Now explain to this rep there are no contracts and no relevant sales history or client retention numbers. Thats reasonable because he doesn't share that with his shareholders.

The rep runs these numbers and he'll say...IT DOESN'T PAY ENOUGH TO GET OUT OF BED IN THE MORNING. If he asks DD for a 1000.00 per month draw to help him pioneer for him...just what do you think and how does Dave pay these guys? and how many can he afford? NONE. Has to come out of the shareholders hide. Dave can't lure fleas with honey right now....no rep is taking a deal without assurances he can't provide.

There is no way DD can make chicken salad out of chicken chit.

Numbers don't lie.