SPOOZ Inc (SPZI)

[snow]

jdc Actually my knowledge is better than yours and even if I at 81 years old have a poor memory it seems better than yours too. It is true that John K. Park first stated an approximate profit margin of 18%. That is one reason why I don't fully trust him. He later corrected it too gross profit margin, which is actually of little interest. A company may well have a gross profit margin of 18% and a negative net profit margin. My view is that it suggests total cluelessness that buying vast amounts of sugar in Brazil and transporting it to China would result in a net profit margin as high as 18%. Other companies would of course offer a much better deal for sellers and buyers if that had been the case.