Post by
dart321 on Oct 01, 2015 4:41pm
Typical Venture Exchange Response
Make the company put out a no material change news release. Not taking into consideration the stock has dropped from 75 cents to 2 cents, not taking into consideration they have a bankable sale contract with one of the largest retail companies in Canada. By bankable I mean they can take the contract to the bank and the bank will right them a cheque. The example would be if they took an order from Costco for 100,000 units and say their cost was $50 per unit and they sold it for $100 a unit the bank would be pleased to cut them a cheque for the cost of production. This is one of the reasons why this exchange is about to go out of business. I am ACCUMULATING
Comment by
yixter on Oct 01, 2015 5:06pm
Sounds interesting but where does it say the contract is bankable?
Comment by
dart321 on Oct 01, 2015 5:12pm
An written contract between two parties is bankable. If one company agrees to buy a certain amount of product over a certain period of time from the other company based on sales. It most likely has an escalation clause written in. jmo
Comment by
yixter on Oct 01, 2015 7:06pm
Sounds good dart guess the real question is, is what kinda sales can we expect in terms of units sold through Cosco and what margins will be? The burn rate here is high it I am hoping it's just because they are kickin things off!!