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01/02/22
09:28
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Originally posted by Earlnwhat:
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Everyone is suffering with price rises in these times which would also be not helping with sales. i would say a few customers have backed off o.seas as shipping rates have increased a crazy amount. I use to pay $2k max USD for my frieght component for a 40FCL around 15 months ago, im now paying atleast $10k usd for the same. On top of this all port charges, fuel Levys and everything else that goes with moving stock has also significantly increased. Most Eve shipments would LCL's which if you break down will add a reasonable amount to each jar sold eating into gross profit. i have a pretty significant holding in EVE for awhile now, i do believe they will get there eventually and if they do they will draw attention to the likes of Capilano and others which may end up as a takeover. I also previosuly worked with some current staff at Eve and have faith they are the best at what they do and know what they are capable of. There wages would be reasonable but in my eyes they are more than worth it and will only add value to the company. I'm not selling anytime soon and will keep waiting. All the best.
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Could there be a possibility of management taking a pay cut over this period,bod on approx $6000-$7000 per week,they could take a 50% pay cut until times change? That scenario would save significant $$$$$,so hopefully saves the need for a cr and subsequent dilution to shareholders wealth.