Hotshot,
A few comments regarding your post.
First of all, you might want to address that question to someone else. M. Jacobs is the CEO of Pyng as you probably already know.
Second of all, that's 6,300 minimum per year in canadian sales. Let's not forget the American, the Australian and the European counterparts..
6,300 per year accounts to 630,000 $ US in revenues per year (at 100$ US per item) and not 63,000 $... Let's just say it's a honest mistake, which I doubt for some reason!
630,000 US * 0.50 profit margin (which is fair and attainable IMO) = 315,000 US (approx 450,000 $ canadian)
5% net profit margin??????????
Not quite sure what you're smoking but I suggest you change your dealer!
98$US price - 30-35$US cost (probably less than said amount due to recent developments ...) - 15-20$US performance remuneration to the distributor ... accounts to about a profit margin of 50% ...
Even if the net profit margin is 35%, it accounts to more than 300,000$ can in profits...
A ratio of 20 which IMO is quite low would put us much further than your anticipated 1.25 -1.50....
Still have some very SERIOUS doubts about your intentions...
Funny, you were about the only one who DIDN'T send me their information with respect to the protest letter. Trying to make sure your identity remains confidential? There probably is a good reason for ... Well, lets just put it this way : try to be less transparent next time!
AK
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