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Toxic Avenger

06/15/09 8:23 PM

#34992 RE: sneaky_peaky #34990

I think the "$7 million per year" is your own reading. Even the CEOCast note says "calling for orders of $7 million". The company has already said the contract called for a "minimum" of $300k/month, (though if it's like Recolte, "minimum" could mean "or DA can find another distributor" apparently).
The $7 million does not specify a time frame so it could be 1 year, 2 years, or 15 years, and again, we don't know what "calling for" means. My guess is it doesn't mean H. Pixel is paying DA $300k/month for 15 years regardless of what happens.
And of course with the 600k shares they were paid in compensation, CEOCast is not an unbiased source here. All MHO.
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P K G

06/15/09 8:33 PM

#34993 RE: sneaky_peaky #34990

I would like to point out some errors and some misleading statements:

"Recently announced a joint venture with MIG A&M Records". Recently? Hasn't it been almost two years?

"Calling for orders for $7 million". There is not time limit on this statement. It is not correct to assume this is an increase since PK PRed it at $3.6 million per year.

"Strong domestic performance". Not in the last two Q's it hasn't.

"Extend their credit line" is just plain wrong. Drinks lost it's line of credit and just recently got a far inferior credit set up.

"Nowhere to go but up" is just untrue.

These items along with others lead me to believe CEOCast is just not well informed, to say the least.