FYI...1st Q 09 they did $813K, and still went in the hole $184k or $247K including loss on obsolete (dead) inventory.
So as you suggest if they do $200k in January and likewise in Feb & Mar, that would be a total of $600k for the 1st Q 10, that would be $213k short of last years 1st Q.
$213 short of last year which left them in the hole $247k, would put them in the hole over $400k this 1st Q.
How can that be spun into a good pr...
Company can't sell the riff raff on eBay, its not going to sell any better at a thrift store and the overhead is going to be much higher.
A listing on eBay runs .35c, with minimal labor to pic and list.
The Lucky 7 lease cost them $1.83 a sqft.
If they should finalize a space with the outlet center...the sq ftg cost will likely be the same.
They gotta dump this dead inventory in pallet lots and let someone else piece it out.
Their overhead is eating them alive..as is glaringly apparent in the COGS and Operating Expenses.
They have been on eBay for how many years and Still have not become profitable, that is exhibit 1 of a failed business model.
Exhibit 2 is selling Billions of shares to continue operating that failed business model.
Simple question, if you started a business, how many years would you continue to run it at a loss before you finally conceded and threw in the towel. Better yet, how many years would your wife let you?
Delmar doesn't care whether the business makes money or not, he continues operations because it isn't his money and he continues to get a paycheck even with failure.
If he shuts the business down he loses his paycheck via shareholders, accordingly, he will continue running at a loss forever...
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