Wednesday, January 17, 2018 11:13:28 AM
If you read further is says they're goal is to make 1000 titles and sell on average only 25 of each not 1,000,000. here is the copy form their GNGR website post:
If they are making $50 on each casting which seems to be true based on my purchases and many others I know of for $79 (Which by the way is far less then any other similar product of the same size and quality and they help by donating back to the sea turtle rescue foundation) For the turtles, $50 net is probably correct but I do not know exact costs (it is a tad bit high) and I would buy more if they were only $59, they could still net $30 not $50 and capture more sales I would guess.
If they do sell 25,000 which seems very conservative and possible and make $50 net profit on each, that comes to $1,250,000. By my observation, most if not all OTCs fail to even post sales, revenue and profits let alone even offer something for sale except smoke and mirrors and have massive debt which GNGR does not have.
I also spoke to Grant twice with your same concerns, He stated as he does in his GNGR information that they make the molds and some casting houses do the casting. Even to make 1,000,000 of anything, most companies sub contract production to various places to increase production and also not to have to have a facility your self. GNGR does maintain a casting studio to make the initial samples for marketing or small orders but the larger production is sent out locally.
If GNGR is making 25 molds per day with ease and sending out the molds to be cast by another source while GNGR makes more and more molds, that would seem logical. 25 new molds per day is 9,125 per year not just 1000. The logic behind the 1,000,000 molds with selling only one of each is true, they would sell one of each but to make 1,000,000 molds even at 25 per day is 40,000 days (or 109 years) but if they sell 100 castings from each mold it would be 1,000,000 divided by 100 of each (not just one) that comes to only 10,000 molds and equates to only just over one year of mold making not 109. For that matter if GNGR makes 1000 molds in 40 days and sells 100 of each not just 25 is 100,000 at $50 each is $5,000,000
I can see the logic in the more molds you make the less you have to sell of each to make great sales, they just have to make sure each mold design attracts buyers of 25 or more which I think they can and are doing now just with less titles. GNGR's real asset is they're creativity and that alone can make them unique over all competitors.
I would put this as a similar situation as an artist makes one original painting like the KRAMER from Seinfeld TV show, then sells 1,000,000 prints (yes I have one). So to make 1,000,000 of anything is not difficult by any means as long as there are places to produce be it art prints or castings. Lets face it, Snoopy and wood stock jewelry is not produced by the Schultz company themselves, they make one master design then farm it out to make many millions of products.
I bought some more GNGR stock yesterday (just a little) and as long as they deliver my orders like I am sure they do to many (I can't be the only customer) I believe GNGR will shine above most OTCs moving forward.
I have said it not once but many times, call the CEO, he is not hiding behind some rock or some answering service or phone message that is full.
If my turtle purchases are at 7 so far and I buy more of his new creations as gifts and for myself, I know I will be at 25 or more this year alone. I images there are 1000 similar to me that will also do the same purchases worldwide in 2018 especially with 1000 new titles.
Did you all see the new heart skull pendant? I WANT ONE!
CEO David B. Dorwart Anticipates a Bright Future at Good Gaming Inc. Through His Most Recent Shareholder Update • GMER • Sep 25, 2024 8:30 AM
Cannabix Technologies and Omega Laboratories Inc. Advance Marijuana Breathalyzer Technology - Dr. Bruce Goldberger to Present at Society of Forensic Toxicologists Conference • BLOZF • Sep 24, 2024 8:50 AM
Integrated Ventures, Inc Announces Strategic Partnership For GLP-1 (Semaglutide) Procurement Through MedWell USA, LLC. • INTV • Sep 24, 2024 8:45 AM
Avant Technologies Accelerates Creation of AI-Powered Platform to Revolutionize Patient Care • AVAI • Sep 24, 2024 8:00 AM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM