Happy W/E Axle...
I get where you're going with your questions so here are the plain and simple answers.
1&2 - "How much net profit..."
PRIVATE companies do not generally post this information and YOU KNOW any investor that is privy to this knowledge through discussions with the co. is bound by NDA not to disclose it. We are not entitled to this info and helio not sharing it is in no way a negative.
3 - "How many full time... Helio"
Helio lists 4 team members on their website. We know Min has changed to an advisory role so the final answer is 3.
4 - "How many full time... CYIO"
CYIOS lists 5 team members on their website.
5 - (paraphrasing) "How many people selling sanitizer products (not distributorship)"
Choice Wellness is ONLY a distributor. All the sanitizer products are made by ESC. Even the 24 brand gel sanitizer is just a white labeled product.
So excluding any distributorship agreements, there is nothing.
The only place you can purchase products through CYIO anymore is directly from the choice wellness website.
Even the products listed on amazon aren't coming from CW... they're from ESC.
CYIOS is keeping the website active and probably has a little inventory to sell off but from my observation the sanitizer side of the company is on the back burner so-to-speak.
Don't know about the CBD stuff, but I'm pretty sure they don't manufacture that either.
*** So now that we have the best answers available to the questions that you asked, let's think like a good retail investor and go a few steps further and ask some harder questions.
How can a company operate without a traditional full office staff? Does this mean if I call to order a tube of sanitizer or get a helio loan, that Lewis or O'Shea have to answer the phone to take my order? Since that obviously isn't the case, isn't that a bad thing?
Here's MY answer. Doesn't matter how many full time employees they have. That's not a key performance indicator in my mind. I've run businesses ALONE but hired contractors to hire & manage scores of other contractors to do the work to process 10's of thousands of complex transactions monthly. Company had 1 employee but generated hundreds of thousands in revenue each month. Does that mean that I was a failure because I only had 1 employee? Nope.
There are groups that provide professional front-office and back-office BPO (business process outsourcing) services. They literally hire, train and manage a staff of dedicated professionals to represent your brand, interact with your customers, program your tech/websites, and take care of the meneutia of day-to-day operations.
This allows the company principals to spend their valuable time on broader reach efforts like developing partnerships, courting investors & doing media outreach.
While there has been no press release around CYIO/Helio using these types of services... based on what I saw on linkedIn & employees listed, and from mystery shopping my educated assumption is that they are.
Now, before anyone tries to spin this as a negative... understand that almost every recent startup - including groups like slack, skype and github - and almost ALL the top major corporations - including AT&T, Bank of America and Pfizer - use some form of BPO service.
As a business owner and investor in other businesses, I understand all of this & am actually quite thrilled that CYIO is not making the mistake of trying to do everything in-house at this point.
Another hard question... why can't I have confirmation of this? It should be simple to produce right?
No doubt they have this data, but I don't feel entitled to it. Why would I expect CYIO/Helio to spell out the secrets of day-to-day operation in extreme detail? That would be wrongheaded... no good company would do that. I want companies I'm invested in to protect this kind of sensitive data from competitors, detractors, etc.
I'll invest based on my knowledge of how businesses are run & what the company is telling me and what they report in filings. Not based on who is cleaning the bathrooms, or even if they HAVE a bathroom.
As for all that other stuff regarding private helio revenues, acquisition info & all that, it's NUNYA... and that's totally fine with me. I'm certain the info was available to the folks with need to know... and I'm perfectly happy not being one of them today.
