DD Support Board and Research Team

[Arthur]

The VTNL CEO implied in his PRs that his company was receiving orders left and right:

Looks what he admits now in the financials;

On December 13, 2017, the Company received a customer order for $202,184.00 in merchandise. The order is expected to ship during the second quarter of 2018, at which time the Company will recognize the revenue on its income statement.

On February 7, 2018, the Company received a customer order for $529,790.00 in merchandise. The order is expected to ship in the third quarter of 2018 at which time the Company will recognize the revenue on its income statement.

So, maybe Q1 revenues will be paltry, like, say, $20,000 of sales.
I called it right: Purchase Orders are not Revenues.

Also, I thought VTNL would be canning and bagging its own dog food, according to the old 10-Q:

Business Activity: Vet Online Supply Inc. (the “Company”) is a Florida corporation incorporated on May 31, 2014. We are currently a US based reseller of premium veterinary supplies. The goal of “Vet Online Supply” is to replace our current business model of sourcing our products through Concord Veterinary Supply; and launching our own brand label products for the CBD and enhancement pet care supplies markets. Our headquarters are located at 6500 Live Oak Drive, Kelseyville CA 95451. Recently the Company has expanded its products to include its own cannabis product line for pets, in addition to its legacy veterinarian supplies line.

As it turns out, I was wrong:

Our company manufactures holistic products using hemp oil or hemp isolate that includes Pet Treats and Pet Drops for cats and dogs. The company manufactures its products through LBC Bioscience in Phoenix, Arizona with certifications with SC Laboratories in Santa Cruz, California.

If they're just a reseller thru contract manufacturing, their potential margins are much lower.