![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Tuesday, June 12, 2012 5:40:41 PM
There are now 10 stores open. The average expenses are 21% of revenues. These figures are in line with what I expected and what I stated on this board. He also said expenses have gone up in order to build out the national enterprise, with shipping and commuting, but that it will begin to drop significantly with new stores that will be opening soon. Both Montana stores are profitable already.
The $1 million dollar write down was for the auditors who are doing audited financials. He explained that in the beginning the books weren't complete and because of the roll-in from the previous company that had some lingering disputes. The auditors wanted the bucket there to draw from, opposed to doing it the opposite way. He expects fully that as those issues are resolved that the million will be dropped to a much lower figure below half.
The labor board dispute has been resolved, the company is on a payment plan.
Overall the company sounds strong and the CEO even stronger. I trusted he was telling me truths, which are in direct opposition to what this board has been saying. We shall see.
FEATURED Element79 Gold Corp Announces 2024 Clover Work Plans & Nevada Portfolio Updates • Sep 10, 2024 11:00 AM
North Bay Resources Announces Mt. Vernon Gold Mine Bulk Sample, Sierra County, California • NBRI • Sep 11, 2024 9:15 AM
One World Products Issues Shareholder Update Letter • OWPC • Sep 11, 2024 7:27 AM
Kona Gold Beverage Inc. Reports $1.225 Million in Revenue and $133,000 Net Profit for the Quarter • KGKG • Sep 10, 2024 1:30 PM
Nightfood Holdings Inc. Completes Major Step on Uplist Journey by Closing Strategic All-Stock Acquisition of CarryoutSupplies.com • NGTF • Sep 10, 2024 8:15 AM
Element79 Gold Corp. Announces Sale of 100% Interest in Elder Creek, North Mill Creek, and Elephant Projects to 1472886 B.C. Ltd. • ELEM • Sep 9, 2024 9:34 AM