Al,
From an interview on the Web site was this quote: "Sales have grown from 0 per month to $135,000 per month, and are growing at 20% per month!" In a previous post, I used last year's 1st Q financial results (sales = $164,319), and growth of exactly 20%, and deduced that the $135,000 figure would have been for August.
You recently posted: "For the quarter ended October 31, 1998, the Company recorded net revenues of $321,936 and a net loss of $283, 539 or $0.01 per share." From this we can calculate that sales in Sep and Oct averaged $93,571, and thus have actually decreased since Aug! That's a growth rate of -30% ... yikes!
I too share your optimism, or lack thereof, in yesterday's post.
Neil. |
