Forgetting about the fact that a company with a $376k market cap is a $376k company, not a $5 million or $10 million company, let's look at that $5 million in Rheingold sales.
At the last filing they had $328k in total current assets. Ignoring the $5.6 million in current liabilities, let's say they found a factor willing to lend them 85% of their current assets. That's about $275k. So they're going to take that $275k, put it all into Rheingold production and come up with $5 million in sales somehow? Even if the demand were there for $5 million, they'd have to be producing and selling at an incredible clip.
And don't you think if they were on track to sell even a million dollars in beer, there might be a PR?
People have been calling this oversold since its market cap was around $100 million. The fact that it has lost 99% of its value in the last 3+ years doesn't make it oversold now, any more than it was oversold at $10 million, $1 million or $500k.
All MHO.
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