Thursday, July 16, 2009 10:44:48 AM
And their projections for 08 were much higher than that - in fact, jared had said that they would do 2 - 4 million from International Pacific Sales by year end and he said 20 million pens let alone other products.
And before you say the reason they did not hit the pen target was because retail swtiched over to WOWGreen - then the target also would have switched.
And let's be honest about the $8 million in 08. They have only received payment for about 10% of that so while it is technically a sale - the margin on it is currently -100%.
And you actually believe they are well on their way towards 09 projections? This is a company that PRs the sale of a bottle of cleaner to a McDonalds. I would think that if they had sold anything other than the Lee related $10 million and the non-paying WOWGreen stuff we would have heard about it by now. I put them at well under $10 million in sales for the year at this point and I am being generous.
Take off the rose colored glasses and join a few of us in reality.
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