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Sunday, January 08, 2012 11:05:21 AM
Once and for all, that little blurb certainly puts the lie to the rumor that CAGR was/is a "highly profitable" company. Coupled with the reports unaudited numbers, it s plain that CAGR isn't, never was and doesn't plan to be, highly profitable. which explains why they have to give away shares at .0005 to pay off debt.
"Should sales performance not meet projection numbers by end of 1st business year, we will seize the operation and take a loss on freight cost, China duty plus taxes, start-up investment, 12 months of operating expenditure, and cash reserve, total estimated figure is $315,000. Of this figure, we expect to recover $15,000 from the start-up expenditure plus 30% of the gross profit at about $70,000, and $30,000 cash, total of $115,000, taking a $200,000 loss."
"Libenter homines id quod volunt credunt"
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