InvestorsHub Logo

Geryon

04/07/20 6:46 PM

#28312 RE: dano23 #28310

The key is the brand that’s what has the interest of 25 liters a day not the equipment or the building.

Indulge Oils is a brand that’s what people are paying for and that’s what will earn money never the equipment, that’s a tool like the hammer in your garage.

Nothing has changed with Indulge, what has changed and the only change is GCGX decided to sell depreciating assets and recoup the same amount well more then they paid for them.

They lumped in all tenant improvement costs, all costs to obtain the lease as well.

This is a good move for the Company.

They could not operate the assets currently and as with all equipment they would become obsolete in a yr as new more efficient machine come online.

This in no way dampens Indulges ability to make money. If you read the report they are expanding the brand.

I hope this helps.