Certainly Frank,
From AVBC's own quarterly and annual reports I arrived at a figure of around $300,000 per month. That includes all G&A expenses, cost of goods, slotting fees, etcetera ad infinitum.
Their own reports provide ample evidence of the costs involved in running the water portion of the business.
The $300,000 has been a consistent model throughout the life of the company. While noting that not every quarter has shown a figure of $900,000 in expenses, and that some quarters have been higher or lower than $900,000, the vast majority seem to indicate that $300,000 per month is an appropriate figure for runing the business known as AVBC. Since there are no other companies to truly compare it with, we are forced to use their figures as the basis. It is understood that another company in a similar situation might incur a larger ratio of expenses or a smaller ratio of expenses.
I further realize that were the price of the stock higher fewer shares would need to be sold to meet expenses. My personal issue with the current goings on is that it appears that the stock has been diluted well in excess of the amounts needed to cover listed expenses. Of course there are a number of inconsistencies in the filings that could account for many things. Until management reports on those issues we can only speculate on their nature and ultimate effect on the stock.
But that is what makes this fun, isn't it?
Quid pro quo, a question for you...
Are you still buying and/or averaging down?
Have a good evening, Frank.
David Weed
aka the Bird of Prey
www.warp-drive.com
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