Ann: Quarterly Report, page-113

When asked about cashflow DT mentioned in an interview that growing market share rapidly will create a larger moat & is the number 1 priority.

But don't forget there is over $200M of liquor in stock soon via PWG. 95% of their buyer are trade buyers.

Turn over the stock in the warehouse only once per year = $200M x 12.5% B2B fees = $25M gross profit.
Then about 1M cases x $17.50 logistics = $17.5M x 25% = $4.375M gross profit.

If 100% of the stock is turned over in a year = $29.375M gross profit.

$6M gross profit = 20.4% or about 200,000 cases pa of $200M stock turning over in a year to break even.