I thought it went very well actually. I'm not sure I agree with what some in here said, BUT I may have misunderstood what JP said about funding. From what I understood, once the money comes in from sales, THEN the financing will slow down and stop. Their goal is to finance from their sales first, then short term loans (banks), and lastly, would be the equity financing. He showed a chart. As the arrow is rising from sales, the arrow is descending from the equity financing. The money is JUST starting to come in from pre-orders. Dec 06 was the first month they actually started to make money. None of them received a full pay check until Jan 2007. By the way, JP worked for IBM, then Ford for many years. His background is in technology, logistics, and financing. That's his prifecta (sorry about the spelling). He did say that there are 100s of millions of shares still available IF needed. Now, if he was being dishonest with us, I don't believe he'd have told us that. Don't forget something. For one product line, it takes $1,000,000 for funding the production line and start-up. Next week the Vatican urns get shipped, and they'll be received the following week. Also, all their licensing agreements are multi-year deals, with options to extend after they expire. New business needs the funds.. simple as that. They plan to START the stock buyback in the 2nd quarter. Trying to read my chicken scratching here from the Conf Call... lol.. In the future, but not until they're well established in the USA, then they would like to go international. They're very optimistic about that. Oh, also.. the MLB collection will be out at the LASTEST on April 1st (opening day), but hope to have them out a little earlier..
Their profit margin can't be divulged, because of competition. It's proprietory information.
Ok.. I think I covered what I wrote down. They do plan on putting this on their website, and I think they said the new one will be up by... Feb 1st? not positive, as I didn't write that down...