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Alias Born 11/08/2011

Friday, September 25, 2020 2:05:35 PM

Re: tradeforaday post# 15802

Post# of 19902
Unfortunately, your math is WAY off....why guess at the profitability when you can simply look at the financials - here is just a taste:

The last 6 months results:
Gross Revenues = $6.7k
Cost of goods= $1.9k
Less 40% to Sydney Jim (on first $100k of gross revenue) for Vivis = $2.7k
10% Royalty to Sydney Jim = $0.7k

Net revenue = just under $1.5k for 6 months worth of effort.

Sydney's salary for the 6 months was $50k contributing to a G&A expenses of $133k.

Interest expense was another $109k.

After netting out all other expenses and gains the net loss for 6 months was $183k.

All of this before hiring "new staff", "promotional" activities with his race car and bike team, celebrating in his "success" out in Vegas, and adding a 2nd facility.

Clearly with $9.7 million in accumulated deficit and as of July 31, 2020, the Company has negative working capital of $904,849, he is way too far in the hole to ever make this a profitable operation by only capturing about $3-4k in gross sales each quarter (no where close to your estimate of $170k/month).
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