Replies to post #8438 on Castle Brands Board (ROX)

[FUNMAN]

The first thing you have to back up on is that the insiders hold the same class of shares that we all do. There is only one class.

Some of the notes already posted also reference the reasons for increased expenses.

One of those I already noted is this:

"Selling expense increased 37.6% to $4.9 million for the three months ended September 30, 2015 from $3.6 million for the comparable prior-year period, primarily due to a $0.9 million increase in advertising, marketing and promotion expense related to increased sales volume and the timing of certain sales and marketing programs, including the 35th America’s Cup sponsorship, and a $0.4 million increase in employee costs. The increase in sales resulted in selling expense as a percentage of net sales remaining consistent at 26.7% for the three months ended September 30, 2015 as compared to 26.8% for the comparable prior-year period."


Some of the expenses related to the Gosling America's Cup sponsorship had to be prepaid ... that's the way it's done ... it's the commitment they had to "meet".

Take away the $.9 million increase and ROX is GAAP black.

The payoff for the Goslings investment is yet to come.

[Schweinemeister]

The company employees are shareholders...just can't seem to find a way to keep the expenses down. Management isn't communicating when/how that will look, just the in earnest growth effort being thrown at its sales