RE:Talked To Glen Edcando wrote: For starters I'm just a shareholder contacting the company so he can only speak in general terms and one should take my comments with a grain of salt. Ok that's out of the way.
Obviously there was a disconnect between what we read as sales and our revenues for the year. The first obvious thought and quickly confirmed is that there are "deposits" that don't get realized as actual revenue until the order is satisfied or however they've said it numerous times on fins (read shipped /delivered). Good enough, but I still had questions because I didn't understand at first why it couldn't just be different orders (POs) for each tranche and have it recorded as revenue. It wasn't that I didn't understand, but rather that I wasn't thinking. So they ship out a % and even if they are paid in full for that % they don't get to turn around and give only the costs of that % to their suppliers. You're ordering your supplies/packaging for the whole order (or at least a bigger % of it to keep your pricing). So that money from the first slice goes to suppliers for rest of order (or something). It's like every industry including mine . Restaurant is best example. You need 80% occupancy to break even. The profit is in the last 20%. I didn't say it's a perfect example lol. It's just the growing pains of a business (in this case at least 2 NU and Tabletz ). I guess if one or both was swimming in cash then we'd either already have silos of materials and/or Tabletz would be paying millions up front lol.
Blah blah blah basically take it for what you will but to me the only change is the accounting (which is annoying af to be sure). The orders are real. They shipped what they shipped. They have the deposits and their stated revenue. Their costs are down (yes they may look up to some but those are upfront ones that even out as the orders continue). I guess the only "bad news" I realized today is that this next order for Tabletz is the last slice of the November order. I have no idea % and it doesn't matter if it was 1/3 or 6 sticks. It just means when this "next order" ships hopefully any time now then the order will be "satisfied" and the revenue can be recorded . So while I have no idea what Q1 will look like I have my same good guesstimate of where we stand for 2022 so far. Even better actually because that November slice that didn't go on q4 will be added to this year. So blah blah blah, hurry up and wait . Then wait some more. While I'm frustrated from all the waiting it doesn't take a lot of brain power (you got this sid) to see that we are in better shape by far than we've ever been . Not the highest bar to pass haha, but a big improvement regardless with far more to come sooner than later IMHO . GLTUA
So, I read this thinking it was going to be something completely different than it was. It turns out that he goes into a long explanation of why there are no sales.
Just because you explain "why" there are no sales, it doesn't fix anything. There were no sales before you talked to Glen. There are no sales after talking to Glen, get it?
How does this help exactly? Does this mean all of a sudden the share price will magically increase now that you explained their ineptitude and lack of funds? (or execution for that matter).
You know, generally speaking if a company has no sales or cash, it's because their business model sucks and maybe you shouldn't invest in them? But moving on...
Here's another question to ponder, if they can't handle $250,000 PO, because they need to break it up into tiny pieces, can they handle a bigger one?
I only ask because you seem to have forgotten about a certain "multi million purchase order", since you no longer mention it and seem to have forgotten about it.
Remember this?
https://www.accesswire.com/624622/NeutriSci-Receives-Multi-Million-Dollar-Order-for-Japanese-Market
I didn't. So while Ed finds his "new infatuation" that's going to "save" this company, let me remind folks of previous news items that Ed used to be high on, but seems to have forgotten (or given up on?)
What happened to this?
https://www.accesswire.com/675187/NeutriSci-Announces-Successful-Completion-of-RD-in-Preparation-for-Launch-of-Its-Functional-Mushroom-Product-Line
or this?
https://www.accesswire.com/645989/Neutrisci-Announces-Successful-Completion-of-Phase-1-RD-Development-of-a-Cannabinol-Product
And there's SO much more aside from those 2. Who knows what happened? Just more vapourware they keep announcing, and then magically forget about.
So before you read another post from Ed, ask yourself, is this going to be next thing Ed, or Nu forget about?
it must be nice to live in a world where no one challenges you because you ignore or block people who see through hustling but I certainly hold people like Ed accountable for his baseless pumping.
Folks, I tried to reason with this guy, and all he did was block and ignore me just because I called him out and didn't agree with him.