Have no idea, but I do know that they will be hiring 2 new sales personnel in the first part of Sept. and they will be out in the field by the middle of Sept. In an email from Norman he told me that they plan on having 3 sales reps, so it seems that eventually there will be another added. First thing is first though.
From the S-1/A on August 20:
"The promotion of the product will begin with sales training in September of 2014. Two sales personnel will be the responsibility of the company initially. The marketing plan will be developed during this time with the milestones for each party identified. They will be in the field starting the second week of September. The initial budgets will be $10,000 per month for the first three months and ramping up to $15,000 per month thereafter. Commissions will be paid at 7% on sales after the invoice is paid so no out of pocket costs. The initial funding for this will be from loans from existing shareholders to be infused by September 1, 2014. The purchase order requires a minimum purchase of 70 barrels per week and a maximum of 105 barrels per week. The sales price is $1,000 per barrel and our cost is $800 per barrel., which results in a minimum purchase annually of $3,640,000 with the maximum being $5,460,000. The Company’s gross profit is approximately $200 per barrel."
If each sales rep brings one order to the company equal to the order on page 99 in the link above the company would be bringing in about 900k a month in revenue. :)
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