FROM THE Q: REVENUE...from the 3 (or 9) months ending Dec 31, 2017....$1,018
Let's break that down a little further... "The Company has a two-channel sales model consisting of retail direct-to-consumer sales and distributor sales.
Distributor orders – The Company is currently building out its distributor network with a focus on developing specialty stores, supermarkets and other retail chain store establishments. The Company’s business-to-business sales strategy is market penetration competing with higher-end and specialty products. Our product placement strategy will be to place our product in retail store chains at check-out stands in branded displays built to hold 12, 24, 36, 48 or 60 units. Our minimum distributor order size is 200 units with a unit cost of $2.75 per unit.
Retail orders – The Company’s business to consumer sales channel is done through direct web sales by Ice + Jam via their website, www.iceandjam.com. Ice + Jam is handling the complete sales process from order fulfillment to cash receipt and shipping. The retail sales product was offered in two presentations stand-alone and a gift wrapped three pack. The gift wrapping will be offered from time to drive the purchase of multiple units. The selling price is $5.00 for the single units and $15.00 for the gift wrapped three pack. Each retail order is additionally charged $3.77 to cover shipping and handling cost." page 5 of the Q
GIVEN THE DISTRIBUTOR MINIMUMS ABOVE, THERE WAS A SUM TOTAL OF ONE WHOLESALE ORDER Gee Johnny...You really went ALL OUT! ROTFLMAO
So HOW MANY LOCATIONS DID YOU PLACE YOUR 200 TUBES IN??? OBVIOUSLY, there was not enough tubes to be placed in "600" locations... let alone "5000" locations.
AND IT'S NOT THAT TAUG DIDN'T HAVE PLENTY TO BUY.... "Tauriga Sciences, Inc. Confirms that 10,000 Units of “HerMan” Product Inventory Have Been Delivered by Manufacturer"
The retail sales were a WHOPPING 5 multipacks (3 tubes) and 62 single tube sales... 77 tubes in all
So much for all those "stocking stuffer" sales... *cough*
HOLY COW!!!! it appears that TAUG has managed to sell 277 units out of 10,000!!!!
OMG...Is it any wonder that I ROTFLMAO???? This is FUNNY stuff.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.