RE:RE:RE:RE:Shopcbd expenses sxary
tweezer1957 wrote:
your joking right? They have a crummy website with nothing different or better than Amazon. How can they go to real numbers without serious spending on Google. Thus website was very sketchy at best. A good Magento site would be under 100k. Shopcbd was an eight million investment. The question to be asked is who got thus money.
Never mind the 8m investment for essentially air... Not even looking at their expenses. They're literally buying products and selling them for less... I mean, you could do better numbers running a lemonaid stand. The Company generated product revenue of $7,354 and incurred $7,947 in costs of goods sold resulting in a loss of $593 compared to nil for the same period as prior year. Nevermind the $522,053 in operating expenses compared to $458,451 in the same period of prior year resulting in an unfavorable increase in operating expenses of $63,602.
I said from the get-go that this M&A was a bad idea and seemed shady. So to improve their sales by 2k or so, they spent $63,602.00. Hey, I promise with no sales experience I can grow their online sales by more than 2k and they can give me a salary of 50k... LOL good greif.