RE:Investors Update E-mail is promisingi agree with much you say and how you feel, but think your math may be off.
thats about 14,300 bags. Also they retail for $100, take 40-50% for retail (OSC) you are down to 50-60$, remove $1 gram excise and you are left with $22-32 bag wholesale. = 315-467,000 in ales on that product.
Similar for bath bombs - i bet they receive $10 or less per bomb.
Regardless i think it is a very productive move from where they were.
This is the canadian problem. over regulated and under paid. no wonder the illegal market does so well, the producer can earn double. And here (canada) we force them (EVE) to go through a government sales
agency that takes 40-50% for selling it. On top of that the Feds take $1 / gram plus there is HST. Our government is screwing these companies, its investors and the marijuanna using public in a major tax squeeze.
With any luck i have my math wrong.
DerekVTXman wrote: despite the conversation here in this cess pool. Wheather or not some one has a personal beef with Melinda I see no reason to twist the facts into something they are not.
The bath bombs and the 28 gram bags have been out for 1 month (Not 2). According to the e-mail they have sold over 400,000 grams in the bags (15K x $100) = $1,500,000 (minus costs), and 33K bathbombs (33K x $20) = $66,000 (Minus costs). Just those two products alone accounted for $2 Million in product sales in 1 month. I would say that is very promising.
Bashers have been relentless on this page and spewed over into a few more. I do belive that it has prevented new investors from buying eve and have driven longs to sell out of fear. It has hurt many investors that have invested a huge portion of their savings into this company that they believed in. You have hurt the company by driving the share price so low that the company has been unable to raise any funds at a critical time.
I am convinced that Eve will succeed and you fellas have actually done me a favor by allowing me to get a substantial number of shares at a very cheap price including some for 25 cents the other day.