We are all allowed to have our opinions.
As far as tempering our talk, agree to disagree.
A company that has been in business since March, has already generated $55,000,000 in revenue, $3,700,000 in net profit, reduced the O/S by 300,000,000 with the inability to convert back to common until 2023, anticipated to add thousands more retailers in the coming month, a new Guam distribution network and starting a brand awareness campaign, is far from not exciting in my opinion.
Yes Favs accounted for 56%, but this data is 45 days old. We started seeing more distributors in the middle of June, so they might have only been active for a month or 1.5 months. Even still, that means 44% or nearly $15,000,000 of revenue came from other distributors. You act like that is insignificant. Additionally, there is no risk to us adding on distributors. Even if the first 10 don't do anything, that 11th could be another Favs.
What I also see is at the end of April we had $3M accounts receivable. Now, at the end of July we are at $7M. Based on the terms (below) we've seen with distributors, it tells me there was nearly $7M of revenue generated in the last week or two of July. I anticipate another quarter of strong growth.
"All undisputed amounts on each invoice are due and payable within seven (7) calendar days from the date of Sub-Distributor’s receipt of the invoice."
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