EDE 0.00% 0.2¢ eden innovations ltd

Ann: EdenCrete - GDOT Sales and Marketing Update, page-51

  1. 7,705 Posts.
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    Gross Profit (aka Gross Margin) is Revenue minus Cost of Goods Sold. It doesn't include fixed costs. The real cost of Edencrete is an order of magnitude higher than $25 once the massive overheads are included. In fact EDE costing 'methods' seem to be little more choosing an arbitrary price of $25.

    So they (probably) have a Gross Profit but still sell at a (massive) loss.

    The problem is the inability of holders to understand even the most basic business concepts. Not my alleged 'inconsistency'.

    Last edited by PigsMightFly: 28/07/21
 
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