"The Company has Easily Surpassed its Previous Monthly Record, of $20,301.93 in E-Commerce Sales, Posted During May 2020"
"On a Quarter to Quarter sequential basis, the Company is pleased to report that its E-Commerce revenue growth was in the Triple Digits (140%+)."
"The Company has Surpassed its Previous Monthly Record, of $19,062.25 in E-Commerce Sales, Posted During April 2020"
The Company doesn't connect those dots by providing actual June sales and sales for the quarter, but assuming they have reported the other dots correctly and honestly, we can do that:
E-Commerce (website) sales for the quarter ended 3/31/20 were $34,439.
We're told that the latest quarter had e-commerce sales that were 140% greater than that, or $82,653. (TAUG reports the pennies, I'll ignore them).
April $19,062
May $20,302
June $82,653 - (19,062 + 20,302) = $43,289
If that was correct, wouldn't any competent CEO announce in all caps that JUNE SALES WERE MORE THAN DOUBLE THOSE OF MAY!!!?
Seth Shaw didn't do that. So can that be right?
We'll have to wait a number of weeks until the 10-Q filing is made to find out. If you care, be sure to check it out when it does.
ps. What the heck is this?
"Estimated Retail Value of Inventory on Hand: $700,000 - $800,000."
Delicatessens express their inventories at retail value, not manufacturers.
"As of March 31, 2020, the Company’s inventory on hand had a value of $128,711."
(That's NOT at retail value, btw.)
“Bad men need nothing more to compass their ends, than that good men should look on and do nothing.”
John Stuart Mill....1867
AI
