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Monday, December 30, 2013 12:48:08 PM
Despite proclamations by ASCC of phenominal sales in October, the lastest 10Q released over the holidays is a bit disappointing:
Initial Sales for the month of Octber = $3444, less cost of goods, resulted in a gross profit of $1153 after their advertising campaign spending $87k.
Based on Spec's advertised price, the "largest retailer in Texas", this calculates to about 24 cases of Vodka for the entire month - not exactly flying off the shelves.
ASCC announced they had a 2nd restock of inventory - yet they still have $75k of inventory or about 789 cases.
Meanwhile the company has a number of convertible loans made to Robert Federowicz's offshore company.
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