hopeful vs what is stored ahead.....
let say the e-commerce doubled to $15 million in 2021,with a combined quarterly revenue over $20.0 million,can it generate a profit? It would be difficult:"not much meat on the bone" on the E-commerce side,as it outgrew "chef-to-chef" core segment.Under the newer model,company be making pennies on the dollar and struggle endlessly without margins expansion,cost for being late entry into a market of competition galore.
Early Amazon lost money for years as it crushed competition with "unlimited cheap money" and "super high operating efficiency",all during a period of no serious competition(before Walmart got its act together).So what I am saying,for Sam to outgrew the E-commerece,he needs a lot more ammunition(money),and most likely thru
1 reverse share split and uplist
2 2nd offering
3 expand quickly for scale
4 "take no prisoners" or being a price leader in the land of giants
then the question becomes "where the current shareholders fit in and outcomes?"
outcome 1:
next Amazon in the making? 10% odds.
outcome 2:
Mr. Dick predication is right all alone: a loser consist of bunch less losers companies. 90% odds.
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