Posted On: 09/29/2016 4:57:49 PM
Post# of 75364
From the Form 10 in regards to the one year shelf life.
Cost of sales
The factors impacting inventory obsolescence were (1) two changes in can design during 2016, that rendered the previous designs less marketable to customers, (2) management’s decision to move the brand to a 16 ounce can to broaden its market appeal and lower production costs and (3) prior management’s decision to date code all production runs prior to May 2016 with a shorter than necessary one-year shelf-life when a two-year shelf-life was applicable.
http://www.otcmarkets.com/edgar/GetFilingHtml...D=11611886
Cost of sales
The factors impacting inventory obsolescence were (1) two changes in can design during 2016, that rendered the previous designs less marketable to customers, (2) management’s decision to move the brand to a 16 ounce can to broaden its market appeal and lower production costs and (3) prior management’s decision to date code all production runs prior to May 2016 with a shorter than necessary one-year shelf-life when a two-year shelf-life was applicable.
http://www.otcmarkets.com/edgar/GetFilingHtml...D=11611886
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