Far from overThe priority right now should be conserving the cash, and cut back
expenses like advertising and marketing. The quarter ended March 31,
2006, NSP reported revenues of $3,569,740 and a net loss of $315,849.
The advertsing and marketing campaigns cost $1,412,588. Now, imagine
if they cutted the marketing expenses in half then nsp would have
shown a net profit instead of a net loss. (I'm excluding some of the
products returned due to mis-lable). The Modele brand and products
are now selling themselves, so there's no need to spend so much
money on advertising and marketing campaigns at this stage. It's
time for management to focus on profit instead of revenues growth.
Insiders have too much stake in this company to let it go under.
Here are latest position.
Naturale Science Inc.(control by Martines, Sergio) 6,660,000 shares
854338 ONTARIO LTD. 600,000 shares
MONACO, JASON 540,000 shares
Martines, Sergio 380,000 shares
Tsimidis, Nick 333,000 shares
Evans, Henry 267,000 shares
PERACCHIA, GABRIELE 200,000 shares
Arsenault, Denis 60,000 shares
The company has 15,861,890 shares outstanding, insiders are holding
more than 50% of the shares. The company's assets outweight the
liabilities 2 to 1. It's not that difficult to turn this company
around. Don't hate me for buying 101,000 shares at 0.06.
