Omni Commerce Corp CCTXF

Consumer Cyclical Luxury Goods

"Mezzi Holdings Inc is a brand management company, which is engaged in the sale and distribution of various consumer products and fashion accessories. Its segments include Mezzi, which includes leather goods; MLine, which includes luggage and cases, and Capital Eyewear, which includes hand-made eyewear. The company is also engaged in the business of producing, developing and marketing different brands and categories of consumer products through omnichannel sales platform."

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Omni Commerce Corp > What inventory was written off for 261k?

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Comment by Tanker81on Aug 29, 2017 10:01am

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RE:RE:What inventory was written off for 261k?

Well rough math, 700k in invisible sales...... cost of that product would be roughly 300k for arguments sake.

Now we write off 260k of inventory, well those are the sales that may have been recorded.... and they offest the reduction in COS with an impairment of inventory?

Why is there no note discussing the reduction in sales? Also, I can't reconcile AP in the cash flow statement...... 500+ k in cash inflows? |They only settled a little debt with shares if I recall...... not much change in working capital to explain the cash saving of AP... CT?

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