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loanranger

02/12/18 7:15 PM

#44473 RE: EDMGUY #44472

This exciting news warrants a closer look.

For some reason, in spite of the detailed breakdown provided for the big bucks generated in revenues and the resultant profits, the company elected not to provide the unit sales data....at least I didn't see it.

Let's see if we can figure it out:
Obviously there was only one wholesale order (200@$2.75=$550).

Retail units are trickier.
They collected $83 in shipping charges and included that in Revenue. They charged $3.77/retail order for shipping.
They sold 62 individual goopers @$5 ($310) and 5 3-packs at $15 ($75).
BUT the $83 they collected for shipping would mean that 22 orders were placed.

Makes no sense. SURPRISE!!!!

loanranger

02/12/18 7:32 PM

#44474 RE: EDMGUY #44472

"$520K G&A expenses"

With a startling lack of supporting detail.