OTCPK:CNZCF - Post by User
Comment by
jjeerryyon Nov 02, 2017 6:28pm
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Post# 26897552
RE:Email from Ray
RE:Email from Raytzadoz2014 wrote: Hello
The way we have been recording our Royalties and Commissions are reported in the statements. These are net amounts to the Company, the Royalties are deducted from the costs on the deposit.
We will begin to record "GROSS SALES" as we realize that's what the shareholder is looking for. Upon the closing of the Earth Innovations aquisition we will commence to record retail and wholesale gross sales through the 100% owned sub.
Thank you
Ray Paquette
This is why I would never call or write the company. I would be left wondering, is the statement I highlighted dumb or a con?
Personally I would expect shareholders would want to know gross sales. That to me would be high among the first things to want to know. I have to ride with a big 'Q' mark over that letter. I am left to think gross sales are rather bleak or non existent or they would have been included.