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Monday, June 03, 2013 5:19:28 PM
He keeps reducing the amount of money he has needed to fund operations since last July, so I think unhealthy dilution is over.
He claims to be clearing $500K/quarter in net income. If this is true, then none of the dilution that has occurred recently has been necessary. Again, where has all that money gone if it's not to fund operations?
Things are looking very good for longs. The measly relaunch in one state has morphed to the entire country. Walmart is slow and methodical, but must like it or the "Golden Child" would be rotten.
It's a pilot program and all indications are that they are being moved from one Walmart to the next, thus the reason it's no longer available in the intitial locations. If they ever get regular space on shelves then they can talk about being the "Golden Child", but for now that spot appears to have been taken by Marley's Mellow Mood as their products are available in-store and through Walmart.com.
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