Posted On: 11/17/2016 8:28:00 AM
Post# of 75076
For the 3 months ending sept 30 2015 and 2016 they showed a 10% gain in sales not loss.
They also showed a decent net profit from sales over last years numbers reducing cost of goods significantly. All steps in right direction.
Administrative cost was substantially higher due to the uplist and water deal this quarter I would expect.
As the new larger distributorship program takes hold I would expect sales to increase at an elevated rate. With an infusion of cash from the Li deal I would think that dilution would slow or end.
Operating cash or credit and administrative costs are going concerns I feel.
They also showed a decent net profit from sales over last years numbers reducing cost of goods significantly. All steps in right direction.
Administrative cost was substantially higher due to the uplist and water deal this quarter I would expect.
As the new larger distributorship program takes hold I would expect sales to increase at an elevated rate. With an infusion of cash from the Li deal I would think that dilution would slow or end.
Operating cash or credit and administrative costs are going concerns I feel.
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