was rereading the asset purchase agreement (April
Post# of 75392
(Total Views: 1004)
Posted On: 06/01/2020 11:13:31 AM
was rereading the asset purchase agreement (April 30th, 2020) and was stunned (in a super wow positive way) by some information I just didn't notice the first read:
first, the pricing paragraph that gives us an idea of the cost of production (less than 0.37 per can!) since the next public release will probably have forward-looking information we can now estimate potential profit with the estimate potential sales disclosure (if given)
second (section2.0), and there where I went whoopidodi! Rush is currently working with a number of clients for the wholesale of hand sanitizer. Rush will be allowed to continue contract negotiations with: Target, Walmart, Costco, H-E-B, Kroger and other distributors/customers unencumbered and the profit will be a 50/50 split
https://www.sec.gov/Archives/edgar/data/16708...ex10_1.htm
Article VIIII
Pricing for Rhino Rush, 3GS, LLC or Rush Beverage
Section 1.0 Preferred Pricing. Rhino Rush 3GS, LLC or Rush Beverage (“Rush”) will have much of its product made with Purchaser. Pricing for Rush’s products will be as follows: Shot pricing: the greater of $.30 per finished individual shot; or, ingredient and packaging materials, supplied by Purchaser, (from Rush approved vendors) plus $.15 tolling, packed out as instructed by Rush, with a 3-pallet minimum. Can Pricing: the greater of $.37 per finished individual can; or ingredient and packaging materials, supplied by Purchaser, (from Rush approved vendors) plus $.11 tolling, packed out as instructed by Rush, with a 3-pallet minimum. (Example: ingredient cost $.07, Packaging costs $.05, tolling costs $.11 for a total project cost of $.23 but the quoted price of $.37 is greater, then Rush’s cost would be $.37). All finished goods will be delivered to Rush no longer than twenty (20) calendar days from date purchase order is sent electronically by Rush to Purchaser, and the payment for each purchase order will be made within forty-five (45) days of products delivery. Payments made after forty-five (45) days will begin accruing interest at a rate of eighteen-percent (18%) per year.
Section 2.0 Wholesale. Rush is currently working with a number of clients for the wholesale of hand sanitizer. Rush will be allowed to continue contract negotiations with: Target, Walmart, Costco, H-E-B, Kroger and other distributors/customers unencumbered. Pricing will be mutually agreed upon on an ongoing basis as needed, with all reasonable efforts being made by both parties to work together for the best of Rush’s customer. When available, a 50/50 split will be used as a standard where all revenue above Cost of Goods Sold (pricing of components, shipping, and testing) will be split between Rush and Purchaser.
first, the pricing paragraph that gives us an idea of the cost of production (less than 0.37 per can!) since the next public release will probably have forward-looking information we can now estimate potential profit with the estimate potential sales disclosure (if given)
second (section2.0), and there where I went whoopidodi! Rush is currently working with a number of clients for the wholesale of hand sanitizer. Rush will be allowed to continue contract negotiations with: Target, Walmart, Costco, H-E-B, Kroger and other distributors/customers unencumbered and the profit will be a 50/50 split
https://www.sec.gov/Archives/edgar/data/16708...ex10_1.htm
Article VIIII
Pricing for Rhino Rush, 3GS, LLC or Rush Beverage
Section 1.0 Preferred Pricing. Rhino Rush 3GS, LLC or Rush Beverage (“Rush”) will have much of its product made with Purchaser. Pricing for Rush’s products will be as follows: Shot pricing: the greater of $.30 per finished individual shot; or, ingredient and packaging materials, supplied by Purchaser, (from Rush approved vendors) plus $.15 tolling, packed out as instructed by Rush, with a 3-pallet minimum. Can Pricing: the greater of $.37 per finished individual can; or ingredient and packaging materials, supplied by Purchaser, (from Rush approved vendors) plus $.11 tolling, packed out as instructed by Rush, with a 3-pallet minimum. (Example: ingredient cost $.07, Packaging costs $.05, tolling costs $.11 for a total project cost of $.23 but the quoted price of $.37 is greater, then Rush’s cost would be $.37). All finished goods will be delivered to Rush no longer than twenty (20) calendar days from date purchase order is sent electronically by Rush to Purchaser, and the payment for each purchase order will be made within forty-five (45) days of products delivery. Payments made after forty-five (45) days will begin accruing interest at a rate of eighteen-percent (18%) per year.
Section 2.0 Wholesale. Rush is currently working with a number of clients for the wholesale of hand sanitizer. Rush will be allowed to continue contract negotiations with: Target, Walmart, Costco, H-E-B, Kroger and other distributors/customers unencumbered. Pricing will be mutually agreed upon on an ongoing basis as needed, with all reasonable efforts being made by both parties to work together for the best of Rush’s customer. When available, a 50/50 split will be used as a standard where all revenue above Cost of Goods Sold (pricing of components, shipping, and testing) will be split between Rush and Purchaser.
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