Tuesday, April 13, 2010 10:55:01 AM
Even when I had an inventory of 69,000 books, I only sold about $800/week and maybe 1500 during Christmas. This is because the books that are the cheapest make you the most money but they are often not the books in demand. He doesn't know a think about the bookselling business and will easily end up with thousands of titles he can't sell. They can apply for a wholesaler license but will be lucky to see a 5% profit off any new titles being printed. They also have to compete with ALOT of people selling books. Many of whom have programs that automatically adjust their prices to beat you. This is not something to finance a corporation. This is something to finance a person or small group.
I should also point out there is another company listed on the pinks that sells items on ebay and their PPS is scarcely higher than MDIN.
-Chris
In this business if you're good, you're right six times out of ten. You're never going to be right nine times out of ten. - Peter Lynch
SANUWAVE Announces Record Quarterly Revenues: Q3 FY2024 Financial Results • SNWV • Nov 8, 2024 7:07 AM
DBG Pays Off $1.3 Million in Convertible Notes, which Retires All of the Company's Convertible Notes • DBGI • Nov 7, 2024 2:16 PM
SMX and FinGo Enter Into Collaboration Mandate to Develop a Joint 'Physical to Digital' Platform Service • SMX • Nov 7, 2024 8:48 AM
Rainmaker Worldwide Inc. (OTC: RAKR) Announces Successful Implementation of 1.6 Million Liter Per Day Wastewater Treatment Project in Iraq • RAKR • Nov 7, 2024 8:30 AM
SBC Medical Group Holdings and MEDIROM Healthcare Technologies Announce Business Alliance • SBC • Nov 7, 2024 7:00 AM
VAYK Confirms Insider Buying at Open Market • VAYK • Nov 5, 2024 10:40 AM