As I said I was just guessing but CCO obviously got two sooky rebukes from Gorman on the wording. First they amended the announcement then another announcement to clarify further. Not sure there was a need unless he was not happy. I can see him having a rant “This is my work not yours”. I want it clarified” The first announcement clearly states that it was in partnership with Network Nutrition but that was not good enough. I don’t think we really needed the finer details to state that this deal goes towards the milestones since the average Joe would not imagine otherwise. It’s in their contracts it couldn’t go any other way. Anyway who cares as long as they keep selling the stuff and finding new avenues to do so.
On a side not I noticed in the annual report presentation they mention something about 45% gross operating margins. So those that have stated that the margins are low are incorrect. It basically just means as we just need to sell more to see the operating margins turn to healthy profit margins to cover marketing and administration etc. Or at least that’s the way I see it but I’m no accountant.
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As I said I was just guessing but CCO obviously got two sooky...
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