RE:marketing dollarsPachuko wrote: Correct me if i am wrong. ACDC does not have r&d or manufacturing facilities in Canada (bigger than a cubicle and a laptop). Is that correct? they are basically a distributor for a Chinese manufacturer who holds all the patents to the products. ACDC has some software licenses perhaps? I wonder what the out clause for exclusivity is for RichPower if ACDC doesn't meet targets? There would certainly be one.
It looks to me kike the money they raised to date will go to salaries for the staff and board members and more marketing. the current pp will not sell any more without significant change in releasing numbers that show some kind of growth. having a distribution agreement with a manufacturer is only profitable if you sell the product. no sales = no revenue = eating up cash flow daily. how long do you think a couple of million dollars lasts at the current burn rate?
Give this another month max to show actual revenue or this will bottom real quick. no revenue = no salaries= another company name change and another new direction for this one
Hmm, must be an echo in here.