Friday, March 05, 2021 1:51:24 PM
BRGO revenue has gone up 16 times immediately with this purchase- and the jewellery margins are high, so net profit goes way up also- so that is his vision-
-Did he pay too much for Aphrodites is what cary seems to be asking? Hard to say- those guys at Digital Brands (who run Aphrodites) are top digital developers and love the deal so they will be working very hard to sell jewellery- success comes with a price tag
It is a brilliant move strategy wise in my opinion- to be positioned as probably the top online jewellery seller is no small feat.
-A billion shares is not very much these days it seems so if the dilution stays around here I think it is a good call
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