Monday, June 04, 2012 2:02:43 AM
Now all we know is we have multiple properties/buildings that can't be explained and no profit off of $16M(adjusted) sales... This money has to be going somewhere... Could they classify a new GMP-NSF production facility under any of the expenses without us knowing?
I could build a convincing/elaborate position on how an NSF facility is a must.. And we could pay for it with under marketing/advertising costs because we need the facility so we can use the NSF label and it will allow us to bring in a larger profit on sales..
In all actuality we are paying for a facility with every penny the production facility makes in excess of what the true cost is of the product.. I could go into each unit has a certain $ amount factored in for upkeep of a production facility and profits.. But you understand that.
I'll research tomorrow if ON had its own facility prior to its purchase by Glanbia and at what yearly revenue they were operating at if so..
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