RE:Cannara News!!!!!
WOW these ShopCBD numbers really show what mangement is doing with shareholder money.
An amazing sales figure of $5721 with a cost of sales of $3923 for a whopping 32% margin.
At this rate, only to cover salaries, which is a difficult number to ascertain due to Salaries and Admin expenses they would need sales of $2,554,548 only to cover slaries. Now when you factor in their marketing spend of $188,112 to achieve the whopping $5721 this number grows exponentially.
Shareholders need to see a proper trial balance and see who is getting all this money. How many real employees are there. Which marketing companies or consultants are getting paid. There is no way ShopCBD spent $188K on Google Add Words.
There are alot of issues with ShopCBD and I would be shocked if the CFO would put a signature to a real statement of affairs relating to this company.